Payment of money due to a creditor or his agent shall be sufficient to discharge the debtor upon the obligation; and, if such agent receives property other than currency in satisfaction of the obligation, the creditor is bound thereby.
(Orig. Code 1863, § 2805; Code 1868, § 2813; Code 1873, § 2864; Code 1882, § 2864; Civil Code 1895, § 3717; Civil Code 1910, § 4311; Code 1933, § 20-1001.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 60 Am. Jur. 2d, Payment, §§ 48, 102.
C.J.S.- 70 C.J.S., Payment, §§ 3, 4.
ALR.
- Request to remit as authorizing payment by post, 2 A.L.R. 1646.
Right of purchaser to opportunity to pay in cash where tender has been made in other medium, 11 A.L.R. 811; 23 A.L.R. 630; 46 A.L.R. 914.
Construction of contract or regulations regarding time of payment for public utility service, 97 A.L.R. 982.
Contract to pay when the financial condition of business permits, 99 A.L.R. 1523.
Implied or ostensible authority to receive payments of principal of one who has authority to receive payments of interest, 111 A.L.R. 578.
Conveyance or surrender of property as an accord and satisfaction of contract obligation, 59 A.L.R.5th 665.