Studies On The Joint Liabilities

Joint debts mean that, if there are more than one creditor or debtor, each creditor is obliged to request the debtor(s) to pay back all liabilities, and vice versa, each debtor bears the full debt liabilities and is also responsible for the debts terminated after one-off payment. The joint liability stipulations in the decrees of all countries are aimed to ensure the interests of the creditors who are obliged to be paid back by affordable debtors. Joint debts in joint liabilities are important both in practice and theory. While the joint creditor's rights are not attached much importance to because of their rare applications in practice. Staring with the concepts and properties of joint liability, the author of this paper attempts to conduct studies with great emphasis the causes and effects of the joint debts and the creditor's rights, lists the current stipulations of joint debts in all our separate decrees, analyses the relationship and differentiations between the joint debts and the untruly joint debts, and finally proposes a few suggestions based on the current legislative situations.