Statutes, codes, and regulations
North Dakota Century Code
Title 22 - GUARANTY, INDEMNITY, AND SURETYSHIP
Chapter 22-01 - GUARANTY
Section 22-01-18 - Reduction of obligation by partial performance

N.D. Cent. Code § 22-01-18

Download
PDF
Current through 2023 Legislative Sessions
Section 22-01-18 - Reduction of obligation by partial performance

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 the principal, but does not otherwise affect it.

N.D.C.C. § 22-01-18