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§ 341. Partial satisfaction as reducing guarantor's obligation

Oklahoma Statutes AnnotatedTitle 15. Contracts

Oklahoma Statutes Annotated
Title 15. Contracts
Chapter 8. Guaranty (Refs & Annos)
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 emergency effective legislation through Chapter 256 of the First Regular Session of the 59th Legislature (2023). Some sections may be more current, see credits for details.
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