Accord And Satisfaction, Novation And Release Of Obligations

  1. Law
  2. South Dakota Codified Laws
  3. Personal Rights and Obligations
  4. Accord And Satisfaction, Novation And Release Of Obligations

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Section
20-7-1

Accord defined.

Section
20-7-2

Execution of accord required to extinguish obligation.

Section
20-7-3

Acceptance of accord as satisfaction--Obligation extinguished.

Section
20-7-4

Obligation extinguished by part performance accepted in writing as satisfaction.

Section
20-7-5

Novation defined.

Section
20-7-6

Novation by substitution of obligation.

Section
20-7-7

Novation by substitution of debtor.

Section
20-7-8

Novation by substitution of creditor.

Section
20-7-9

Rescission of satisfaction by substitution of debtor.

Section
20-7-10

Obligation extinguished by release on new consideration or in writing.

Section
20-7-11

Unknown claims not released by general release.

Section
20-7-12

Joint debtors not released by release of one--Right of contribution.