56-1-25. Obligation of guarantor reduced by partial satisfaction of obligation.
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/sd/title-56/chapter-56-1/56-1-25·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.