Clayton v. Clark

Citations

• 74 Miss. 499

Syllabus

<p>Payment. Agreement to accept lesser sum than debt m satisfaction.</p> <p>The acceptance from the maker by the payee of a note, of a sum less than the amount due, with an agreement that it is received as full satisfaction, accompanied by the surrender of the note, ex-ting-uishes the entire debt. Jones v. PerMms, 29 Miss., 139; PulUam v. Taylor, 50 Miss., 251, in so far as they announce the contrary, and Barms v. Gordon, 57 Miss., 93, overruled.</p>