Oklahoma Statutes
§ 15-341 — Partial satisfaction as reducing guarantor's obligation.
Oklahoma·Title 15 Contracts
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 a principal, but does not otherwise affect it.
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Oklahoma § 15-341 (Partial satisfaction as reducing guarantor's obligation.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
R.L.1910, § 1046.
Nearby Sections
15
§ 15-1
Contract defined.§ 15-1001
Short title.§ 15-1002
Purpose.§ 15-1004
Durability of power of attorney.§ 15-1005
Construction of power generally.§ 15-101
Object of a contract.