Explanation of Article 198
This article addresses the statement "Effect of what is collected by one of the joint creditors," which is: what one of the joint creditors collects is part of his right alone, and the other creditors are not accountable for it.
The article stipulates that everything collected by one of the joint creditors is part of his right alone, and the other creditors are not accountable for it. For example, if there is more than one creditor for a single debt, and they are joint in it, and one of them collects his share of the debt, he is obliged to account for the other creditors on their shares in the 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 effect of what is collected by one of the joint creditors, and it clarifies the impact of what is collected by one of the joint creditors on the obligation.
Related To
Article 198
If an obligation is dependent upon a de facto event, it shall be deemed valid. However, if the obligation is conditional upon an impossible event, the condition shall be deemed invalid and the obligation, as a result, shall become invalid.