The situs of debts must be considered from a double standpoint. In every debt there is the obligation on the part of the debtor, and the right on the part of the creditor. Voluntary transactions affecting the right of the creditor will be governed by the law of the situs of the transaction, involuntary transactions affecting the right of the creditor by the law of the legal situs of the creditor, and matters affecting the liability of the debtor (in general) by the law of the domicile of the debtor.