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co-obligor |
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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.
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An assignment merely makes your buyer a co-obligor on the lease. 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. Each instrument permitted the parent to remove the subsidiary as co-obligor under certain conditions, including removal as co-obligor on all other debt instruments at approximately the same time. |
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