Legal Encyclopedia. The letter M

Plurality of persons in the obligation

- The undertaking (creditor, debtor) presented not one but several persons. M. can occur both on the debtor and the creditor side. M. distinguish on:

1) actively - on the lender side involves several persons, and on the debtor side one. It is characteristic that some lenders are entitled to demand from the debtor's fulfillment of the actions envisaged commitment;

2) passive - on the debtor side involves several parties, and on the side of the lender - one person. In this case, the lender has the right to demand performance of the obligation of all the debtors involved in the undertaking;

3) mixed - involves several debtors, and several creditors.

M. This can occur:

1) M. participants on one side of the obligations under the mutual obligation;

2) the participation of several creditors and debtors in several unilateral commitments.

M. is the power on the one hand the obligation to issue a request to the other party or to perform more than one person at the same time in accordance with the scope of rights and responsibilities of persons involved in the undertaking.