Explanation of Article 196
This article addresses the explanation of the "concept of joint debt," which is: when there is more than one creditor for a single debt, and the debt is shared among the creditors, none of them has the right to demand the debtor for the entire debt.
The article stipulates that the debt is considered joint if there are multiple creditors for a single debt. For example: if there is more than one creditor for a single debt, and they are sharing it, none of them has the right to demand the debtor for the entire debt.
It is worth noting that this provision applies to all types of obligations, whether they are contracts, acknowledgments, discharges, or otherwise.
This article is considered one of the most important articles related to the concept of joint debt, and it clarifies the impact of joint debt on the obligation.
Related To
Article 196
Insolvency of a debtor shall be subject to the legal provisions related thereto.