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CO-OBLIGOR - One who is bound together with one or more others to fulfil an obligation. He may be jointly or severally bound.
He differs from co-obligor in this, that the latter is equally bound to a debtor with his principal, while the former is not liable till the principal has failed to fulfil his engagement. Dig. 12, 4, 4; Id. 16, 1, 13; Id. 24, 3, 64; Id.
"Joint and several liability can arise in many different contexts ... various torts ... statutory damages ... (or) co-obligors under a contract."
REFERENCES: ...
 See also: Debt, Attorn, Obligation, Joint, Obligor
  
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