Which term describes the shared liability in a solidary obligation?

Disable ads (and more) with a membership for a one time $4.99 payment

Prepare for the Louisiana Notary Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

The term "joint and several" accurately describes the nature of liability in a solidary obligation. In a solidary obligation, multiple parties are responsible for the entire obligation, and this responsibility can be claimed against any one of them individually or collectively. This means that a creditor can pursue any one of the obligors for the full amount owed, and it is up to that obligor to seek contribution from the others.

This concept emphasizes that each party is not just liable for a portion of the debt but for the entire amount. If one party pays off the debt, that party has the right to demand reimbursement from the others. This mechanism ensures that creditors can secure payment from the most solvent party, promoting financial accountability among the obligors.

In contrast, terms like simultaneous, independent, and sequential do not describe the shared liability in the context of solidary obligations, as they pertain to different aspects of obligations and the nature of responsibilities between parties.