USA Statutes : nevada
Title : Title 08 - COMMERCIAL INSTRUMENTS AND TRANSACTIONS
Chapter : CHAPTER 101 - JOINT OBLIGATIONS (UNIFORM ACT)
 This chapter may be cited as the Uniform
Joint Obligations Act.

      [9:35:1927; NCL § 3708]
 In this chapter, unless otherwise
expressly stated:

      1.  “Obligation” includes a liability in tort.

      2.  “Obligee” includes a person having a right based on a tort.

      3.  “Obligor” includes a person liable for a tort.

      [1:35:1927; NCL § 3700]
 A judgment
against one or more of several obligors, or against one or more of joint,
or of joint and several obligors, shall not discharge a coobligor who was
not a party to the proceedings wherein the judgment was rendered.

      [2:35:1927; NCL § 3701]
 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 obligations of all
coobligors to whom the obligor or obligors giving the consideration did
not stand in the relation of a surety.

      [3:35:1927; NCL § 3702]
 Subject to the
provisions of NRS 101.040 , the
obligee’s release or discharge of one or more of several obligors, or of
one or more of joint, or of joint and several obligors, shall not
discharge coobligors, against whom the obligee in writing and as part of
the same transaction as the release or discharge expressly reserves his
rights; and in the absence of such a reservation of rights shall
discharge coobligors only to the extent provided in NRS 101.060 .

      [4:35:1927; NCL § 3703]


      1.  If an obligee releasing or discharging an obligor without
express reservation of rights against a coobligor, then knows or has
reason to know that the obligor released or discharged did not pay so
much of the claim as he was bound by his contract or relation with that
coobligor to pay, the obligee’s claim against that coobligor shall be
satisfied to the amount which the obligee knew or had reason to know that
the released or discharged obligor was bound to such coobligor to pay.

      2.  If an obligee so releasing or discharging an obligor has not
then such knowledge or reason to know, the obligee’s claim against the
coobligor shall be satisfied to the extent of the lesser of two amounts,
namely, (1) the amount of the fractional share of the obligor released or
discharged, or (2) the amount that such obligor was bound by his contract
or relation with the coobligor to pay.

      [5:35:1927; NCL § 3704]
 On the death of a joint
obligor in contract, his executor or administrator shall be bound as such
jointly with the surviving obligor or obligors.

      [6:35:1927; NCL § 3705]
 This chapter shall not apply
to obligations arising prior to July 1, 1927.

      [7:35:1927; NCL § 3706]
  This chapter shall be
so interpreted and construed as to effectuate its general purpose to make
uniform the law of those states which enact it.

      [8:35:1927; NCL § 3707]