Legal Lexicon

Schuldnerverzug

Joint Creditor Relationship

Joint creditor relationship describes the collective right of multiple creditors to a claim. Discover how this legal collective operates!

Mistake of Law

A mistake of law occurs when someone misjudges the legal situation. Learn more about consequences and special features – read now in the lexicon!

Obligor

An obligor is a debtor who fulfills a contractual obligation. Discover in the article how obligors act and are liable from a legal perspective!

Default

Default describes the failure to meet financial obligations, e.g., in the case of loans. Learn more about causes and consequences – discover the article now!