Give the effect of the condonation or remission of a debt by one or several creditors where:
(a) The obligation is joint
The obligation is solidary.
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Answer:
It is now the responsibility of the creditor who made the condonation/remission to be liable to his co-creditors for their corresponding shares. If one of the co-debtors would become insolvent, he still has the responsibility to share in the payment of the insolvent debtor.
Anonymous:
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Answered by
2
Answer:
It is now the responsibility of the creditor who made the condonation/remission to be liable to his co-creditors for their corresponding shares. If one of the co-debtors would become insolvent, he still has the responsibility to share in the payment of the insolvent debtor.
Explanation:
hope it helps:)
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