Alabama Statutes
§ 8-1-23 — Obligation Extinguished by New Consideration or Writing
Alabama·Title 8 Commercial Law and Consumer Protection·Ch. 1 Contracts·Art. 2 Accord and Satisfaction
An obligation is extinguished by a release therefrom given to the debtor by the creditor upon a new consideration or in writing with or without new consideration.
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Related
Clark v. Jim Walter Homes, Inc.
719 F. Supp. 1037 (M.D. Alabama, 1989)
Irvin v. Griffin Corp.
808 F.2d 802 (Eleventh Circuit, 1987)
Legislative History
(Code 1923, §5643; Code 1940, T. 9, §4.)
Nearby Sections
15
§ 8-1-120
Definitions