North Dakota Statutes
§ 22-01-18 — Reduction of obligation by partial performance
The acceptance by a creditor of anything in partial satisfaction of an obligation reduces the
obligation of a guarantor thereof in the same measure as that of the principal, but does not
otherwise affect it.
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North Dakota § 22-01-18 (Reduction of obligation by partial performance) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 22-01-01
Definitions§ 22-01-05
When a guaranty need not be in writing§ 22-01-06.2
Surety or guarantor may withdraw within ten days§ 22-01-06.3
When account furnished surety or guarantor§ 22-01-06.4
Surety or guarantor may withdraw at any time§ 22-01-06.5
Public policy