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California CodesCivil Code - CIVDivision 3 — ObligationsPart 1 — Obligations in GeneralTitle 4 — Extinction of ObligationsChapter 6 — ReleaseSection 1541

An obligation is extinguished by a release therefrom given to the debtor or the released party by the creditor or releasing party, upon a new consideration, or in writing, with or without new consideration.

Notes

Establishes that an obligation is extinguished by a release given to the debtor or released party by the creditor or releasing party when the release is supported by new consideration, or when it is in writing whether or not new consideration is provided.

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Use as reference

Lexinter.net | California Code, Civil Code - CIV § 1541 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-1/title-4/chapter-6/section-1541

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