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Georgia Statutes

§ 13-4-100 — Effect of executory accord

Georgia·Title 13
An accord may not amount to an extinguishment of the original debt but may extend only to suspend the execution or collection thereof for a limited time; in the meantime, an action on the original debt cannot be sustained.

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Related

Carpet Transport, Inc. v. TMS Insurance Agency, Inc.
302 S.E.2d 421 (Court of Appeals of Georgia, 1983)
4 case citations
Superior Rigging & Erecting Co. v. Maddox
401 S.E.2d 258 (Supreme Court of Georgia, 1991)
2 case citations

Nearby Sections

15
§ 13-1-1
Contract defined - Generally
§ 13-1-10
Licenses and contracts distinguished
§ 13-1-11
Validity and enforcement of obligations to pay attorney's fees upon notes or other evidence of indebtedness
§ 13-1-12
Requirement of proof of endorsement or assignment of bill, bond, or note in action by endorsee
§ 13-1-13
Recovery of voluntary payments
§ 13-1-14
Collection of closing fees for contracts for the advance of money or the extension of credit; refund of closing fees in certain instances; limited application
§ 13-1-15
Convenience fee; when appropriate
§ 13-1-16
Additional contracts terminable by service members; requirements
§ 13-1-2
Contract defined - Executed and executory contracts
§ 13-1-3
Contract defined - Contract of record
§ 13-1-4
Contract defined - Specialty contract
§ 13-1-5
Contract defined - Simple contract
§ 13-1-6
Contract defined - Parol contracts
§ 13-1-7
Contract defined - Absolute and conditional contracts
§ 13-1-8
Contract defined - Entire and severable contracts
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