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2025 Utah Code
Title 15 - Contracts and Obligations in General
Chapter 4 - Joint Obligations
Section 3 - Payments by co-obligor.
Universal Citation:
UT Code § 15-4-3 (2025)
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15-4-3. Payments by co-obligor.
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.
No Change Since 1953
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.
No Change Since 1953
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