Georgia Code § 13-4-5 - Effect of Execution of Second Contract Upon Same Matter; Novation

A simple contract regarding the same matter and based on no new consideration does not destroy another simple contract between the same parties; but, if new parties are introduced so as to change the person to whom the obligation is due, the original contract is at an end.

Section: Previous  13-4-1  13-4-2  13-4-3  13-4-4  13-4-5  

Last modified: October 14, 2016