Utah Statutes

§ 15-4-3 — Payments by co-obligor.

Utah·Title 15 Contracts and Obligations in General·Ch. 15-4 Joint Obligations
The amount or value of any consideration received by the obligee from one or more of several obligors, or from one or more of joint or of joint and several obligors, in whole or in partial satisfaction of their obligations shall be credited to the extent of the amount received on the obligation of all co-obligors to whom the obligor or obligors giving the consideration did not stand in the relation of a surety.

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Related

Carter v. DONE
2012 UT App 72 (Court of Appeals of Utah, 2012)
9 case citations
Jorgensen v. Aetna Casualty & Surety Co.
769 P.2d 809 (Utah Supreme Court, 1988)
8 case citations
Lange v. Eby
2006 UT App 118 (Court of Appeals of Utah, 2006)
6 case citations

Legislative History

No Change Since 1953

Nearby Sections

15
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