An accord and satisfaction must be of some advantage, legal or equitable, to the creditor or it shall not have the effect of barring him from his legal rights under the original agreement.
(Orig. Code 1863, § 2821; Code 1868, § 2829; Code 1873, § 2880; Code 1882, § 2880; Civil Code 1895, § 3734; Civil Code 1910, § 4328; Code 1933, § 20-1203.)
RESEARCH REFERENCES
ALR.
- Debtor's waiver of, or refraining from exercising, right to resort to bankruptcy, or his insolvency, as consideration for release of all or part of liability, 108 A.L.R. 656.
Payment of undisputed amount or liability as consideration for discharge of disputed amount or liability, 112 A.L.R. 1219.