California Family Code 902 – “Debt” means an obligation incurred by a married person before or …
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“Debt” means an obligation incurred by a married person before or during marriage, whether based on contract, tort, or otherwise.
(Enacted by Stats. 1992, Ch. 162, Sec. 10. Operative January 1, 1994.)
Terms Used In California Family Code 902
- 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 a natural person, firm, association, organization, partnership, business trust, corporation, limited liability company, or public entity. See California Family Code 105
- Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.