P2 Flashcards
This obligation where there is only one debtor and only one creditor
Individual obligation
Obligation where in there are two or more debtors and/or two or more creditors
Collective Obligation
Types of collective obligation
Joint
Solidary
Obligation where the whole obligation is to be paid or fulfilled proportionately by the different debtors and/or demanded proportionately by different creditors
Joint Obligation
Obligation only pay your share and in favor in debtor
Joint Obligation
Obligation where 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, entire compliance with the prestation
Solidary Obligation
One debtor obliges to pay the entire obligation if the creditor demands it.
Solidary obligation
Type of collective obligation wherein its in favor in creditor
Solidary Obligation
What type of collective obligation if the contract didn’t disclose what type of obligation is the contract?
Joint Obli
Mancomumada
Joint Lia
Mancomumada
Joint Lia
Mancomunadamente
Joint lia
Proportionately
Joint lia
Pro rata
Joint lia
“we promise to pay” signed by 2 or more persons
Joint lia
Jointly and/or severally
Solidary lia
Solidaria
Solidary lia
In solidum
Solidary lia