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Joint Debtor Form

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Quick guide on how to complete joint debtor

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Instructions and help about Joint Debtor

good morning everyone welcome to part 5 of my lecture series on the law on obligation and contracts this time we're going to discuss about joint and solidarity obligation so let me share my screen with you okay different kinds of obligation now we have section 4 solidarity and joint obligations we start with article 1207 article 1207 the concurrence of two or more creditors or of two or more debtors in one and the same obligation does not imply that each of the former has a right to demand and that each one of the latter is bound to render entire compliance with the prestation there is solidarity liability only when the obligation expressly so states or when the law or the nature of the obligation requires solidarity if from the law or the nature of the wording of the obligations to which the preceding article refers the contrary does not appear the credit or debt shall be presumed to be divided into as many shares as there are creditors or debtors the credits or debts being co

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