New Jersey Statutes 2A:55-2. Representatives of 1 joint debtor chargeable as on joint and several obligations
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Terms Used In New Jersey Statutes 2A:55-2
- 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.
The representative of 1 joint debtor dying in the lifetime of the other joint debtor, may be charged with the obligation in the same manner as the representative might have been charged if the joint debtors had been bound severally as well as jointly.
L.1951 (1st SS), c.344.