North Carolina § 1-540 By agreement receipt of less sum is discharge

North Carolina Statutes

§ 1-540 — By agreement receipt of less sum is discharge

North Carolina § 1-540

Ch. 1Civil Procedure

Art. 44Compromise

Subch. XVINCIDENTAL PROCEDURE IN CIVIL ACTIONS

This text of North Carolina § 1-540 (By agreement receipt of less sum is discharge) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.C. Gen. Stat. § 1-540 (2026).

Text

In all claims, or money demands, of whatever kind, and howsoever due, where an agreement is made and accepted for a less amount than that demanded or claimed to be due, in satisfaction thereof, the payment of the less amount according to such agreement in compromise of the whole is a full and complete discharge of the same. (1874-5, c. 178; Code, s. 574; Rev., s. 859; C.S., s. 895.)

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