15-4-1 - Definitions.
15-4-1. Definitions.
In this chapter:
(1) "Obligation" includes a liability in tort and contractual obligations;
(2) "Obligee" includes a creditor and a person having a right based on a tort;
(3) "Obligor" includes a debtor and a person liable for a tort;
(4) "Several obligors" means obligors severally bound for the same performance.
Amended by Chapter 257, 1991 General Session