PUBLISHED

N.C.G.S. § 1-540

By agreement receipt of less sum is discharge.

Effective date: 2026-08-08
Last verified: 2026-08-09
Source: official source
Revision history: view all versions

In all claims, or money demands, of whatever kind, and howsoever due, where an agreement is made and accepted for a less amount than that demanded or claimed to be due, in satisfaction thereof, the payment of the less amount according to such agreement in compromise of the whole is a full and complete discharge of the same. (1874-5, c. 178; Code, s. 574; Rev., s. 859; C.S., s. 895.)