A debt is “incurred” at the following time:
(a) In the case of a contract, at the time the contract is made.
(b) In the case of a tort, at the time the tort occurs.
(c) In other cases, at the time the obligation arises.
Definitions
Applied in 1 court decision — leading case 40 Cal. App. 4th 617 - In Re Marriage of Feldner (1995)
Most recently applied in 40 Cal. App. 4th 617 - In Re Marriage of Feldner (November 1995)
Enacted by Stats. 1992, Ch. 162, Sec. 10
A debt is “incurred” at the following time:
(a) In the case of a contract, at the time the contract is made.
(b) In the case of a tort, at the time the tort occurs.
(c) In other cases, at the time the obligation arises.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.