13:13
you too haha, i was super surprised to have received one so early not gonna lie
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Simple English definitions for legal terms
co-obligor
Read a random definition: United States Court of Appeals
A quick definition of co-obligor:
A co-obligor is someone who has agreed to do something with one or more other people. They may also be responsible for sharing the cost or responsibility of something with others.
A more thorough explanation:
A co-obligor is a person who has agreed to take on a responsibility or obligation along with one or more other people.
For example, if two people co-sign a loan, they are both co-obligors. This means that they are both responsible for repaying the loan, even if one of them cannot pay.
Another example is when multiple people are named as defendants in a lawsuit. Each defendant is a co-obligor because they are all responsible for defending themselves in court and potentially paying damages if they lose the case.
Overall, a co-obligor is someone who shares a legal obligation with others and is responsible for fulfilling that obligation.