(1) If any person jointly bound with another in any contract, or by judgment, dies in the lifetime of the other obligor, his heir, devisee, or representative may be charged in the same manner as if the contract or judgment had been separate as against the decedent.
(2) The same rights and responsibilities shall continue in favor of, and against, the representatives of a person entitled to or bound to make contribution who dies as if he were living when contribution is demanded. The same principle shall apply when more than one (1) dies.