liability in solido
- An obligation shared by multiple parties, where each party is individually responsible for the full amount of the obligation
- When a loan agreement includes liability in solido, any single borrower can be held responsible for repaying the full amount of the loan.
- In situations with liability in solido, one individual might end up paying for the entire debt, even if multiple people were originally involved.
- Liability in solido represents a severe level of commitment for each party in a contract, as any one of them can be held responsible for the entire obligation.