Sections
7 entriesSection 1473Establishes that full performance of an obligation by the person whose duty it is, or by another person acting on that person’s…Section 1474Establishes that full performance of a jointly owed obligation by any one of the persons jointly liable extinguishes the liability of all…Section 1475Establishes that performance to any one of several persons jointly entitled to an obligation extinguishes the obligation. It exempts deposits made by…Section 1476Establishes that when a creditor, or any one of multiple joint creditors, directs a debtor to perform an obligation in a particular…Section 1477Establishes that voluntary retention by a creditor of partial performance on an indivisible obligation extinguishes the corresponding proportion of the obligation. Retention…Section 1478Defines payment as performance of an obligation whose required performance consists only of delivering money. The term therefore applies when the obligation…Section 1479Sets how a debtor’s performance applicable to multiple obligations must be allocated: first according to the debtor’s manifested choice, then by a…