Explanation of Article 194
This article addresses the statement of "the effect of what one of the joint creditors receives," which is: what one of the joint creditors receives is part of the right of all of them, and the other creditors are accountable for it.
The article stipulates that everything one of the joint creditors receives is part of the right of all of them, and the other creditors are accountable for it. For example, if there is more than one creditor for a single debt, and they are joint creditors, and one of them collects the entire debt, he is obliged to account to the other creditors for their shares in the debt.
It should be noted that this ruling applies to all types of obligations, whether they are contracts, acknowledgments, releases, or otherwise.
This article is considered one of the most important articles related to the effect of what one of the joint creditors receives, and it clarifies the impact of what one of the joint creditors receives on the obligation.
Related To
Article 194
The right to retain a thing shall not give the person retaining it the priority to collect his debt therefrom over other creditors.