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.
(Enacted by Stats. 1992, Ch. 162, Sec. 10. Operative January 1, 1994.)
Last modified: October 25, 2018