Chapter 3 - Section 4 - Joint and Solidary Obligations Flashcards
One debtor/obligor and one creditor/obligee
Individual Obligation
Two or more debtors and/or two or more creditors. It may be joint or solidary.
Collective Obligation
Entire obligation is to be paid or fulfilled proportionately by the different debtors and / or is to be demanded proportionately by the different creditor. TO EACH HIS OWN
Joint Obligation
Each one of the debtors is bound to render, and / or each one of the creditors has a right to demand from any of the debtors. ONE FOR ALL, ALL FOR ONE
Solidary Obligation
Solidarity on the part of the debtors, where any one of them can be made liable for the fulfillment of the entire obligation. It is in the nature of a mutual guaranty.
Passive solidarity
Solidarity on the part of the creditors, where any of them can demand the fulfillment of the entire obligation.
Active solidarity
Solidarity on the part of the debtors and creditors, where each one of the debtors is liable to render, and each one of the creditors has a right to demand entire compliance with the obligation.
Mixed solidarity
Mancomunada, Mancomunadamente, Pro rata, Proportionately, “WE promise to pay”, Jointly, Conjoint
Joint
Jointly and severally, Solidaria, Solidium, Together and separately, Individually and collectively, Juntos o separadamente, “I promise to pay”
Solidary
The parties are merely proportionately liable. The object or subject matter is not physically divisible into different parts.
JOINT INDIVISIBLE OBLIGATION
When the parties are bound by the same stipulations
Uniform
When the parties are not subject to the same stipulations.
Non-uniform or varied
“demands’
Beneficial
“renounces”
Prejudicial
Transfer of right
Assign