§11. Definitions In this subchapter, unless otherwise expressly stated, obligation does not include a liability in tort; obligor does not include a person liable for a tort; obligee does not include a person having a right based on a tort. Several obligors means severally bound for the same performance. [PL 1965, c. 351, §1 […]
§12. Discharge of co-obligor by judgment A judgment against one or more of several obligors, or against one or more of joint, or of joint and several obligors shall not discharge a co-obligor who was not a party to the proceeding wherein the judgment was rendered. [PL 1965, c. 351, §1 (NEW).] SECTION HISTORY […]
§13. Payments credited to co-obligors The amount or value of any consideration received by the obligee from one or more of several obligors, or from one or more of joint, or of joint and several obligors, in whole or in partial satisfaction of their obligations, shall be credited to the extent of the amount received […]
§14. Release with reservation of rights Subject to section 13, the obligee’s release or discharge of one or more of several obligors, or of one or more of joint, or of joint and several obligors shall not discharge co-obligors, against whom the obligee in writing and as part of the same transaction as the release […]
§15. Release without reservation of rights If an obligee releasing or discharging an obligor without express reservation of rights against a co-obligor, then knows or has reason to know that the obligor released or discharged did not pay so much of the claim as he was bound by his contract or relation with the co-obligor […]
§16. Death of joint obligor On the death of a joint obligor in contract, his estate shall be bound as such, jointly and severally with the surviving obligor or obligors. [PL 1965, c. 351, §1 (NEW).] SECTION HISTORY PL 1965, c. 351, §1 (NEW).
§17. Uniformity of interpretation; title This subchapter shall be so interpreted and construed as to effectuate its general purpose to make uniform the law of those states which enact it, and may be cited as the Model Joint Obligations Act [PL 1965, c. 351, §1 (NEW).] SECTION HISTORY PL 1965, c. 351, §1 (NEW).
