Joint and Solidary Obligations (Part 1)

preview_player
Показать описание

Рекомендации по теме
Комментарии
Автор

I'm not an accountancy student so there are a lot of terminologies that are very new to me. Your videos are very helpful. God Bless!

pepperoli
Автор

Waiting po sa other classification of obligations. Really helpful.

Jedidia_W
Автор

In this video, I've learned something about Joint and Solidary Obligations. Joint obligation debtor is liable only to a proportionate part of the debt, and each creditor is entitled only to a proportionale part of the credit while Solidary obligations, each debtor is liable for the whole obligation, and each creditor is entitled to demand payment of the whole obligation. There are also 3 Kinds of Solidary Obligation; the Passive, Active and Mixed Solidarity or solidarity on the part of both debtors and creditors. Furthermore, it was also mentioned here the other terms for solidary and joint obligation.

cerakristinejoyl.
Автор

Thank you for this po. It's very helpful.

MyClinton
Автор

Hello sir! Do you have a playlist of your discussion about the law on obligations and contracts? I really like your discussion because it is very understandable.

clairecajes
Автор

Torrefranca, Shine
BSBA 1-F
I learned about Joint and Solidary Obligations from this video. In the case of a joint obligation, the debtor is only liable for a proportionate portion of the debt, and each creditor is only entitled to a proportionate portion of the credit, whereas in the case of a solidary obligation, the debtor is liable for the entire obligation, and each creditor is entitled to demand payment of the entire obligation. There are also three types of Solidary Obligation: Passive, Active, and Mixed Solidarity, which refers to solidarity on the part of both debtors and creditors. Furthermore, the other terms for solidary and joint obligation were provided here.

shinetorrefranca
Автор

Tabios, Camlon Haddej R.
BSBA 1F

In this video, All learned is all about joint and solidary obligation. A solidary or joint and several obligations is one in which each debtor is liable for the entire obligation and each creditor has the right to demand the entire obligation. A common example of joint liability is when both spouses sign a loan. If one spouse dies, the other remains a co-signer on the loan and is responsible for the remaining balance. This, however, is predicated on the borrower defaulting. Creditors can only sue once for any debt when they have shared culpability. Solidarity among creditors is active; solidarity among debtors is passive, and solidarity among creditors and debtors is mixed.

tabioscamlonhaddejr.
Автор

Tabadero, Charisse D.
BSBA 1-B

In this video, I learned about joint and solidary obligations, in which each debtor is only responsible for their proportionate share of the debt, as well as the creditor. Each debtor is liable for the entire obligation while under a solidary obligation, and the creditor has the right to demand payment of the entire obligation. In addition, there is a type of solidary obligation known as passive solidarity, which refers to debtors' solidarity. Active solidarity, on the other hand, refers to creditors' solidarity. These are some of the most important aspects of joint and solidary commitments that we may learn about and benefit from.

charissetabadero
Автор

Macedonio, Ronalyn G
BSBA 1-B

In this video, I've learned about "Joint and Solidary Obligations". "Joint Obligation" debtor is liable only to a proportionate part of the debt, and each creditor is entitled only to a proportionate part of credit. And the "Solidary Obligation"each debtor is liable for the whole obligation and each creditor is entitled to demand payment of the whole obligation. Also I learned the 3 kinds of solidary obligation;
1. Passive solidarity this is solidarity on the part of the debtors.
2. Active solidarity this is solidarity on the part of the creditors.
3. Mixed solidarity or solidarity on the part of both debtors and creditors.

ronalyngulengmacedonio
Автор

Macaspac, Julie Sam P.
BSBA 1-C

In this video lecture tackles about Joint and Solidary obligations. In a joint or solidary obligation, there is a concurrence of two or more debtors and/or two of more creditors in one and the same obligation. When there is only one debtor or creditor it is not called joint or solidarity obligation. Joint obligation explains that each debtor is liable only to a proportionate part of the debt, and each creditor is entitled only to a proportionate part of the credit. On the other hand, solidary obligation states that each creditor is entitled to demand payment of the whole obligation. There are 3 kinds of solidary obligation. First is passive solidarity this is solidarity on the part of debtors Second is active solidarity this is solidarity on the part of the creditors. Third is mixed solidarity or solidary on the part of both debtors and creditors. Other terms for solidary obligation are jointly and severally, individually and collectively, in solidum, mancumonada solidaria, while the terms for joint obligation are proportionately, pro rata, mancumonada and mancumonada simple.

juliesammacaspac
Автор

Velasquez, Maria Elisabeth M.
BSBA 1-C
In this lesson I learned in Joint and Solidary Obligatin, there is a concurrence of two or more debtors and/or two or more creditors in one and the same obligation. Joint obligation was the debtor is liable only to a propotionate part of the debt. Solidary Obligation the debtor is liable for the whole obligation. There are 3 kinds of Solidarity Obligation first, the Passive Solidarity this is solidarity on the part of debtors. Second, The Active Solidarity this is solidarity on the part of the creditors. Third, The Mixed Solidarity or solidarity on the part of both debtors and creditors.

velasquezmariaelisabeth
Автор

Herrera, Marycris B.
BSBA 1-C

In today's video lecture I've learned the Joint and Solidary Obligations. When you say JOINT OBLIGATION each debtor is liable only to a proportionate part of the debt, and each creditor is entitled only to a proportionate part of the credit, and when you say SOLIDARY OBLIGATION each debtor is liable for the whole obligation, and each creditor is entitled to demand payment of the whole obligation. There are three kinds of solidary obligation. First is Passive Solidarity, this is solidarity on the part of the creditors. Secondly is Active Solidarity, this is solidarity on the part of the creditors, And lastly Mixed Solidarity, this is solidarity on the part of both debtors and creditors.

herreramarycris
Автор

Acosta, Lyka May C.
BSBA 1-B
After watching this video I have learned the fourth kinds of obligation which is the part 1 of joint and solidary obligation. Joint obligation each debtor is liable only to a proportionate part of the debt, and each creditor is entitled only to a proportionate part of the credit. Solidary obligation, each debtor is liable for the whole obligation, each creditor is entitled to demand payment of the whole obligation. I have also learned the kind of solidarity first is the passive solidarity which means solidarity on the part of debtors. Second kind is the active solidarity which means solidarity on the part of the creditor. Third is the mixed solidarity or solidarity on the part of both debtors and creditors.

acostalykamay
Автор

Ubaldo Merrylyn Gutierrez
BSBA 1G


In this lecture I've learned about joint and solidary obligation. There's a terms or meaning of joint obligation and solidary obligation. Also, in this video I've watched there's also an examples of them. Joint obligation, each debtor is liable only to a proportionate part of the debto. While the solidary obligation, ech debtor is liable for the whole obligation. Lastly, I've learned the different kings of solidary obligation passive solidarity, active solidarity and mixed solidarity on the part of of both debtors and creditors and the other terms for joint and solidarity obligations. This lesson helped me alot to gain more knowledge about the law and obligations.

ubaldomerrylyn
Автор

Castillo, April Lyn C.
BSBA 1F

In today's lecture I learned the fourth kind of obligation which is Joint and Solidary Obligations. Joint obligation, each debtor or creditor is liable only to a proportionate part of the debt. Solidary obligation is one in which each of the debtors is liable for the entire obligation, and each of the creditor is entitled to demand the satisfaction of the whole obligation from any or all of the debtors. A liability is solidary "only when the obligation expressly so states, when the law so provides or when the nature of the obligation so requires." Kinds of solidary obligation are passive solidary, active solidary and mixed solidary.

aprillyncastillo
Автор

BATOMALAQUE, CLARK RELLAMA
BSBA 3-YB-4

I've learned that you are a better teacher rather than my own professor

melloent.
Автор

Gonzales, Jasreel Ann C.
BSBA- 1F
- In this discussion, I've learned in a joint or solidary obligation there is a concurrence of two or more debtors and or/two or more creditors in one and the same obligation. In a solidary obligation each debtor is liable for the whole obligation and each creditor is entitled to demand payment of the whole obligation. There are three kinds of solidary obligation, first is passive solidarity which means this is solidarity on the part of the debtors, second is active solidarity, this is solidarity on the part of the creditors and lastly, mixed solidarity on the part of both debtors and creditors. I've learned also the other terms for solidary obligation such as jointly and severally, individually and collectively, in solidum, mancomunada solidaria, and lastly juntos o separadamente. For joint obligation terms are proportionately, pro rata, mancomunada, and mancomunada simple, by learning these things may ba a great help for me in the future.

Karizuu_
Автор

Ortiz, Oscar T.
BSBA 1-E

What I understand here in the Joint Obligation is that each debtor is only liable for his proportionate part of the loan, he is not liable to pay the entire debt, so he will only pay his proportionate part of the loan. In Solidary Obligation, each debtor is liable to pay the entire debt when a debtor pays the entire debt he can collect from other debtors the excess he paid. This is the difference between Joint Obligation and Solidary Obligation.

zitro
Автор

Tacadena, Maelyn Feleona, P.
BS BA 1-C

This video defines the fourth kind of obligation which is Joint and solidary obligation. Art. 1207. The concurrence of two or more creditors or two or more debtors in one and the same obligation does not imply that each one of the latter is bound to render, entire compliance with the prestation. There is solidary liability only when the obligation expressly so states, or when the law or the nature of obligation requires solidarity. The terms “pro rata, ” “proportionately, ” “mancomunada, ” and “mancomunada simple”, when used in realation to the character of the obligation of the debtors, indicate a joint liability. On the other hand the terms “jointly and severally, ” “in solidum, ” “mancomunada solidaria, ” “juntos o separadamente”, and “individually and collectively” when used in relation to the nature of the liability of the debtors, indicate solidary liability.

tacadenamaelynfeleona
Автор

RIVERA, CRISSALENE JOYCE, J.
BSBA 1-F
I learned the idea behind a joint and solidary obligation was that it involved two or more debtors and creditors all in one obligation. In a joint obligation, the debtor was only liable for a proportionate share of the debtor, just as the creditors were only liable for a proportionate share of the credit. The obligation was divided equally. It is the inverse of joint obligation in the case of solidary obligation. The obligation in this case must be fulfilled as a whole. The debtor is responsible for the entire obligation, and creditors have the right to demand the entire obligation.

crissalenejoycerivera