Official Code of Georgia Annotated
Title 13. CONTRACTS · Chapter 4. MODIFICATION, EXTINGUISHMENT, AND RENEWAL · Article 1. GENERAL PROVISIONS
13-4-5. Effect of execution of second contract upon same matter; novation.
Current through: Including Acts of the 2025 Regular Session of the General Assembly.
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.
History
Orig. Code 1863, § 2686; Code 1868, § 2682; Code 1873, § 2724; Code 1882, § 2724; Civil Code 1895, § 3641; Civil Code 1910, § 4226; Code 1933, § 20-115.
Law reviews
For comment on Acree v. Kay, 188 Ga. 783, 4 S.E.2d 820 (1939), see 2 Ga. B.J. 61 (1940).
Read the official page (the state's PDF, opened at the page this text was read from).
Current through: Including Acts of the 2025 Regular Session of the General Assembly.
Text read from t13-(v11)-2010-pdf.pdf, Volume V11, 2010 edition, page 232; merge action: annotated; file SHA-256 18573afb153d.