§ 341. Partial satisfaction as reducing guarantor's obligation
Oklahoma Statutes AnnotatedTitle 15. Contracts
15 Okl.St.Ann. § 341
§ 341. Partial satisfaction as reducing guarantor's obligation
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.
Credits
R.L.1910, § 1046.
15 Okl. St. Ann. § 341, OK ST T. 15 § 341
Current with legislation of the First Regular Session of the 59th Legislature (2023) and the First Extraordinary Session of the 59th Legislature (2023). Some sections may be more current, see credits for details.
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