Maryland Code, COURTS AND JUDICIAL PROCEEDINGS 11-102
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Terms Used In Maryland Code, COURTS AND JUDICIAL PROCEEDINGS 11-102
- Contract: A legal written agreement that becomes binding when signed.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
(a) A judgment against less than all partners or persons jointly liable on a contract, agreement, instrument, or any other obligation does not extinguish or merge the cause of action against any other partner or person jointly liable but not bound by the judgment.
(b) If the debt is not completely satisfied, any partner or person jointly liable but not bound by the judgment may be sued as if his original liability had been joint and several.