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JOINT AND SOLIDARY UNDERTAKING We, , all of legal age, with residence at , after having been sworn in accordance with law, hereby freely and voluntarily declare and state under oath that: 1. I , the.

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If nothing is mentioned in the contract relating to solidarity, the obligation is only joint. Legal solidarity - where solidarity is imposed by the law. ( Articles 1911, 1822-1824, 1915, 1945, 2157, 2194, 1723 of the Civil Code) • Real Solidarity - where solidarity is imposed by the nature of the obligation.

For example, if A and B together lend two hundred dollars to C, and it is agreed that each can have the right to seek the whole amount from C upon repayment, C's obligation to repay the money is solidary for the obligees A and B. Generally, full payment to any of the solidary obligees extinguishes the obligation.

Here are the words used for joint obligations are: mancum, mancomunada; mancomunadamente; pro rata; proportionately; pro rata, jointly; conjoint; “we promise to pay” signed by two or more persons.

For example, if A and B together lend two hundred dollars to C, and it is agreed that each can have the right to seek the whole amount from C upon repayment, C's obligation to repay the money is solidary for the obligees A and B. Generally, full payment to any of the solidary obligees extinguishes the obligation.

They relate to performances which by their nature have to be rendered in common by several debtors, bound to the creditor by a single contract. A joint obligation is distinguished from a solidary obligation in that the creditor in a joint obligation can take action only against all the debtors together.

They relate to performances which by their nature have to be rendered in common by several debtors, bound to the creditor by a single contract. A joint obligation is distinguished from a solidary obligation in that the creditor in a joint obligation can take action only against all the debtors together.

EXAMPLE • A,B, and C borrowed P12,000 from D. A,B,C are required to pay back D the borrowed amount. If there is nothing to indicate solidarity they will have to pay D back proportionately. This means that D may only demand P4,000 from each of the debtors A,B, and C.

Solidary liability means that each responsible party is independently liable for the entire obligation, responsibility, or debt to the party who is owed the obligation, responsibility, or debt.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232