Journal of Islamic Law Research

Journal of Islamic Law Research

A Study of the Nature and Foundations of plurality of Liability in Paying a Debt

Type : Research Article

Authors
Abstract
In commercial transactions and relations among people, guaranteeing the collection of debt is of high significance. Thus, in the absence of such a guarantee, people would not undertake transactions. Finding ways and mechanisms for creating guarantees for creditors has always been a major concern for parties to contracts. This article studies the possibility and manner of a creditor’s recourse to various persons for collecting his debt within the framework of the plurality of liability in paying a single debt. Plurality of liability, in its narrower sense, means that a person, without being originally obligated to a debt, is nevertheless bound to pay the creditor.
Keywords
Subjects

  • Received 08 October 2009
  • Revise 01 November 2009
  • Accepted 24 November 2009