Indemnity is the right of a co-obligator to demand that other obligators pay their fair share of the debt.

Name: Indemnity is the right of a co-obligator to demand that other obligators pay their fair share of the debt.
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Question

Quizplus · Accepted Answer

Indemnity refers to compensation for loss or damage, not the right to demand payment from co-obligators. The correct term for sharing debt responsibility is "contribution."

Indemnity Is the Right of a Co-Obligator to Demand That