co-obligor legal definition of co-obligor. co-obligor synonyms by the Free Online Law Dictionary.

See: comaker

CO-OBLIGOR, contracts. One who is bound together with one or more others to fulfill an obligation. As to what will constitute a joint obligation, see 5 Bin. 199; Windham's Case, 5 Co. 7; 2 Ev. Poth. 63; Ham. Parties, 29, 20, 24; 1 Saund. 155; Saunders, Arguendo and note 2; 5 Co. 18 b, 19 a, Slingsly's Case. He may be jointly, or severally bound.
     2. When obligors are jointly and not severally bound to pay a joint debt, they must be sued jointly during their joint lives, and after the death of some of them, the survivors alone can be sued; each is bound to pay the whole debt, having recourse to the others for contribution. See 1 Saund. 291, n. 4; Hardress, 198; 2 Ev. Poth. 63, 64, 66. Yet an infant co-obligor need not be joined, for his infancy may be replied to a plea of non-joinder in abatement. 3 Esp. 76; 5 Esp. 47; also, see 5 Bac. Abr. 163-4; 2 Vern. 99; 2 Moss. Rep. 577; 1 Saund. 291 b, n. 2; 6 Serg. & R. 265, 266; 1 Caines' Cases in Err. 122.
     3. When co-obligors are severally bound, each may be sued separately; and in case of the death of any one of them, his executors or administrators may be sued.
     4. On payment of the obligation by any one of them, when it was for a joint debt, the payer is entitled to contribution from the other co- obligors.

Mentioned in	?		References in periodicals archive	?		Legal browser	?		Full browser	?
Co contracts Joint contract Parol Evidence Rule	LEGAL COMMENTARY: Equitable contribution is the right to recover from a co-obligor who shares liability with the party seeking contribution. Nurse's professional liability insurance was not applicable by Tammelleo, A. David / Nursing Law's Regan Report Even accepting this testimony, however, a jury could reasonably conclude that if the MBNA agents had investigated the matter further and determined that MBNA no longer had the application, they could have at least informed the credit reporting agencies that MBNA could not conclusively verify that Johnson was a co-obligor," Judge Wilkins wrote. VIRGINIA WOMAN PREVAILS IN SUIT OVER CREDIT INVESTIGATION by Liability & Insurance Week In Letter Ruling 200047046, the Service ruled that the release of a subsidiary as a co-obligor on a debt instrument had no Federal income tax consequences. No federal income tax consequences for release of co-obligor on debt ... by Sair, Edward A. / The Tax Adviser	cloud over clouded cloudless cloudy clout clownish club clue clump clumsiness clumsy clumsy performance cluster clustered clutch clutter Co Co-administrator Co-assignee Co-defendant Co-executor co-existent Co-heir Co-heiress Co-Maker co-obligor co-operant co-optation Co-plaintiff co-respondent Co-signed mortage problems co-trustee coacervare coach coaching coact coacting coaction coactive coactor coactor in crime coaddressee coadjument coadjutant coadjutive coadjutor coadjutorship coadjutress coadjutrix coadjuvancy coadjuvant	Co-IP CO-IPX Co-legatee Co-lessee Co-lessor co-lo co-localization Co-location Co-location Co-location center Co-location facility Co-Maker Co-Maker Co-Maker Co-Makers Co-Makers Co-Makers Co-Managed Inventory Co-Management Learning Network Co-Management of Natural Resources Co-manager Co-Managers Co-mate Co-meddle co-medication Co-morbid Co-morbidity Co-nect Comprehensive Co-NP co-obligor co-occur co-occur with Co-occurence Co-Occuring Disorder co-occurred co-occurrence co-occurrences co-occurrent co-occurring Co-Occurring Center for Excellence Co-Occurring Joint Action Council Co-Occurring State Incentive Grant co-occurs co-op co-op co-op co-op co-op co-op Co-op (disambiguation) Co-op (disambiguation) Co-op (disambiguation) Co-op (disambiguation) Co-op America CO-OP education Co-op job Co-Op Owners for Political Action Co-Op Services Credit Union Co-op~ Co-op~

Mentioned in

References in periodicals archive

Legal browser

Full browser

Co
contracts
Joint contract
Parol Evidence Rule

LEGAL COMMENTARY: Equitable contribution is the right to recover from a co-obligor who shares liability with the party seeking contribution.

Nurse's professional liability insurance was not applicable by Tammelleo, A. David / Nursing Law's Regan Report

Even accepting this testimony, however, a jury could reasonably conclude that if the MBNA agents had investigated the matter further and determined that MBNA no longer had the application, they could have at least informed the credit reporting agencies that MBNA could not conclusively verify that Johnson was a co-obligor," Judge Wilkins wrote.

VIRGINIA WOMAN PREVAILS IN SUIT OVER CREDIT INVESTIGATION by Liability & Insurance Week

In Letter Ruling 200047046, the Service ruled that the release of a subsidiary as a co-obligor on a debt instrument had no Federal income tax consequences.

No federal income tax consequences for release of co-obligor on debt ... by Sair, Edward A. / The Tax Adviser