Code of Virginia - Title 11 Contracts - Section 11-12 Part performance extinguishing obligation

§ 11-12. Part performance extinguishing obligation

Part performance of an obligation, promise or undertaking, either before or after a breach thereof, when expressly accepted by the creditor in satisfaction and rendered in pursuance of an agreement for that purpose, though without any new consideration, shall extinguish such obligation, promise, or undertaking.

(Code 1919, § 5765.)

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Last modified: April 2, 2009