§ 1475 Joint Obligation Performance Rule
This law says if you owe something to a group of people, you can pay just one of them to clear the debt. But this doesn't apply to shared deposits, like money owned by multiple people together.
You borrow $100 from your three friends together.
You can pay back the whole $100 to just one of them, and the debt is done. But if the $100 was their shared savings, you can't do this.
AI-generated — May contain errors. Not legal advice. Always verify source.
§ 1475 Joint Obligation Performance Rule
Last verified: January 9, 2026