Indiana Code 29-1-14-5. Joint contracts and judgments deemed joint and several
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Terms Used In Indiana Code 29-1-14-5
- Contract: A legal written agreement that becomes binding when signed.
- Decedent: A deceased person.
- Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
Sec. 5. Every contract executed jointly by the decedent with any other person or persons, and every joint judgment founded on such contract, shall be deemed to be joint and several for the purpose contemplated in section 4 of this chapter; and the amount due thereon shall be allowed against the estate of the decedent as if the contract were joint and several.
Formerly: Acts 1953, c.112, s.1405. As amended by Acts 1982, P.L.171, SEC.38.