Obligation Extinguished by New Consideration or Writing

Ala. Code § 8-1-23 — under Title 8.

Ala. Code § 8-1-23

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

History: (Code 1923, §5643; Code 1940, T. 9, §4.)