2005 Nevada Revised Statutes - Chapter 101 — Joint Obligations (Uniform Act)
CHAPTER 101 - JOINT OBLIGATIONS (UNIFORMACT)
NRS 101.010 Shorttitle.
NRS 101.020 Termsdefined.
NRS 101.030 Dischargeof coobligor by judgment.
NRS 101.040 Paymentscredited to coobligors.
NRS 101.050 Releasewith reservation of rights.
NRS 101.060 Releasewithout reservation of rights.
NRS 101.070 Deathof joint obligor.
NRS 101.080 Chapternot retroactive.
NRS 101.090 Uniformityof interpretation.
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NRS
[9:35:1927; NCL 3708]
NRS
1. Obligation includes a liability in tort.
2. Obligee includes a person having a right based ona tort.
3. Obligor includes a person liable for a tort.
[1:35:1927; NCL 3700]
NRS
[2:35:1927; NCL 3701]
NRS
[3:35:1927; NCL 3702]
NRS
[4:35:1927; NCL 3703]
NRS
1. If an obligee releasing or discharging an obligorwithout express reservation of rights against a coobligor, then knows or hasreason to know that the obligor released or discharged did not pay so much ofthe claim as he was bound by his contract or relation with that coobligor topay, the obligees claim against that coobligor shall be satisfied to theamount which the obligee knew or had reason to know that the released ordischarged obligor was bound to such coobligor to pay.
2. If an obligee so releasing or discharging anobligor has not then such knowledge or reason to know, the obligees claimagainst the coobligor shall be satisfied to the extent of the lesser of twoamounts, namely, (1) the amount of the fractional share of the obligor releasedor discharged, or (2) the amount that such obligor was bound by his contract orrelation with the coobligor to pay.
[5:35:1927; NCL 3704]
NRS
[6:35:1927; NCL 3705]
NRS
[7:35:1927; NCL 3706]
NRS
[8:35:1927; NCL 3707]
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