PICC UNIDROIT Principles of International Commercial Contracts 2016
PICC
UNIDROIT Principles of International Commercial Contracts 2016
Zivilrecht
Int. Privat- & Wirtschaftsrecht
When several obligors are bound by the same obligation towards an obligee:
(a) the obligations are joint and several when each obligor is bound for the whole obligation;
(b) the obligations are separate when each obligor is bound only for its share.
Source: UNIDROIT
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for ARTICLE 11.1.1 PICC
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