The 'Lectric Law Library's Lexicon On
* Joint Contract *
JOINT CONTRACT - One in which the contractors are jointly bound to perform the promise or obligation therein contained, or entitled to receive the benefit of such promise or obligation.
It is a general rule that a joint contract survives, whatever may be the beneficial interests of the parties under it. Where a partner, covenantor, or other person having a joint interest in a contract not running with the land, dies, the right to sue survives in the other partner, etc. And when the obligation or promise is to perform something jointly by the obligor or promissors, and one dies, the action must be brought against the survivor.
When all the parties interested in a joint contract die, the action must be brought by the executors or administrators of the last surviving obligee, against the executors or administrators of the last surviving obligor.
--b--
Need a Lawyer? Check Out The 'Lectric Law Library's Searchable Attorney Directory
& our Searchable Expert Witness DirectoryBack To The Letter * J * ![]()
The Lexicon's Lyceum Info & Other Letters
The Reference Room Dozens of legal Topic Areas
The Rotunda
Dazed and Confused? Try Searching the Library for what you want.
Type your words or term in the white box & poke "Do It"
Court, Business and Personal Forms for all Situations and Locations
(This should open a new window. Close it when you're done and you may be back here.)