Solidarily liable - Legal lexicon
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Legal lexicon > Solidarily liable

Solidarily liable

The expression "solidarily liable" means that the borrowers are bound by the same obligation. Thus, the creditor could claim the payment of the entire debt from one of the borrowers. This borrower will then have a remedy against each of the other borrowers having neglected to make his payments in order to ask for the reimbursement of the sums already paid to the creditor, after deduction of his share.

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