Idaho Statutes
§ 28-3-116 — JOINT AND SEVERAL LIABILITY — CONTRIBUTION
Idaho·Title 28 COMMERCIAL TRANSACTIONS·Part 1. GENERAL PROVISIONS AND DEFINITIONS·Ch. 3 UNIFORM COMMERCIAL CODE — NEGOTIABLE INSTRUMENTS
(1)Except as otherwise provided in the instrument, two (2) or more persons who have the same liability on an instrument as makers, drawers, acceptors, indorsers who indorse as joint payees, or anomalous indorsers are jointly and severally liable in the capacity in which they sign.
(2)Except as provided in section 28-3-419 (5) or by agreement of the affected parties, a party having joint and several liability who pays the instrument is entitled to receive from any party having the same joint and several liability contribution in accordance with applicable law.
(3)Discharge of one (1) party having joint and several liability by a person entitled to enforce the instrument does not affect the right under subsection (2) of this section of a party having the same joint and several liability t
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Related
May v. Triangle Oil Co., Inc.
527 P.2d 781 (Idaho Supreme Court, 1974)
Berry v. Ostrom
163 P.3d 247 (Idaho Court of Appeals, 2007)
Legislative History
[28-3-116, added 1993, ch. 288, sec. 2, p. 1027.]
Nearby Sections
15
§ 28-1-101
SHORT TITLES§ 28-1-102
SCOPE OF CHAPTER§ 28-1-104
CONSTRUCTION AGAINST IMPLIED REPEAL§ 28-1-105
SEVERABILITY§ 28-1-106
USE OF SINGULAR AND PLURAL — GENDER§ 28-1-107
SECTION CAPTIONS§ 28-1-201
GENERAL DEFINITIONS§ 28-1-202
NOTICE — KNOWLEDGE§ 28-1-204
VALUE§ 28-1-205
REASONABLE TIME — SEASONABLENESS§ 28-1-206
PRESUMPTIONS