Law, Economics and Management
- Authors:
- Svetlana V. Mikhneva, Liudmila V. Tatarenko
- Work direction:
- Гражданское и семейное право
- Abstract:
- The article discusses a wide range of developed approaches to the concept, legal nature and essence of subsidiary liability. It is concluded that the subsidiary liability should be understood as the obligation of the person bearing subsidiary liability to cover the debt of the principal debtor if the latter refuses to satisfy the creditor's claims.
- Keywords:
- obligation, debtor, debt, creditor, subsidiary liability