Missouri Revised Statutes
Chapter 431 - General Provisions as to Contracts
Section 431.150 - Creditor may compound with one of several debtors — release — what sums.

Effective - 28 Aug 1939
431.150. Creditor may compound with one of several debtors — release — what sums. — It shall be lawful for every creditor of two or more debtors, joint or several, to compound with any and every one or more of his debtors for such sum as he may see fit, and to release him or them from all further liability to him for such indebtedness, without impairing his right to demand and collect the balance of such indebtedness from the other debtor or debtors thereof, and not so released; provided, that no such release shall impair the right of any debtor of such indebtedness, not so released, to have contribution from his codebtors, as is by law now secured to him.
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(RSMo 1939 § 3348)
Prior revisions: 1929 § 2961; 1919 § 2163; 1909 § 2777

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Structure Missouri Revised Statutes

Missouri Revised Statutes

Title XXVIII - Contracts and Contractual Relations

Chapter 431 - General Provisions as to Contracts

Section 431.010 - Private seals abolished.

Section 431.020 - Instrument of writing to import consideration — due and payable as specified.

Section 431.030 - Provisions limiting time for bringing suits prohibited.

Section 431.040 - Fraud in sale of nursery stock — damages recoverable.

Section 431.050 - Failure of nurserymen to deliver at proper time and season, contract voidable.

Section 431.055 - Persons competent to contract when eighteen years of age.

Section 431.056 - Minor's ability to contract for certain purposes — conditions — immunity from liability, when.

Section 431.058 - Relative caregiver may consent to immunization of child, when — definitions — parental decision supercedes relative caregiver — notice when child stops living with relative caregiver — limitations on liability, when — affidavit requ...

Section 431.060 - Contracts by persons under eighteen years of age — ratification necessary — how made.

Section 431.061 - Consent to surgical or medical treatment, who may give, when.

Section 431.062 - Minor cannot disaffirm contract, when — parents or guardian not liable, exception — disclosure by physician authorized, when.

Section 431.063 - Implied consent, when valid — lack of consent, when excused — emergency defined.

Section 431.064 - Experimental treatment, tests, and drugs, consent to administer by third party — life-threatening emergencies, consent by whom.

Section 431.065 - Minor spouse or parent may give consent, when.

Section 431.066 - Insurance benefits payable directly to minor, when — validity of receipt — disaffirmance prohibited.

Section 431.067 - Contracts of minors to borrow money for higher education — validity.

Section 431.068 - Persons seventeen or older may donate blood — written permission required for sixteen-year-olds.

Section 431.069 - Acquiring human tissues declared to be rendition of a service — transfusions or transplants declared not a sale — implied warranties, how limited.

Section 431.070 - Contracts with counties, effect.

Section 431.080 - Suit may be instituted thereon.

Section 431.090 - County commission may appoint agent to contract for county.

Section 431.100 - Claims against county for work and labor.

Section 431.110 - Joint contracts to be construed as joint and several.

Section 431.120 - Joint debt shall survive, against whom.

Section 431.130 - Survival of debt, against whom.

Section 431.140 - Joint obligations — suit brought against whom.

Section 431.150 - Creditor may compound with one of several debtors — release — what sums.

Section 431.160 - Assignor shall not release demand, when — title of assignee.

Section 431.170 - Action against assignor by assignee, when.

Section 431.180 - Contract for private design or construction work, scheduled payments — action for failure to pay, interest — arbitration — application.

Section 431.181 - Payments for the transportation of property to be made within thirty days after delivery, when — warranty repair work, reimbursement, rates.

Section 431.183 - Payment contingent upon payment from third party, not a defense to enforcement of lien.

Section 431.202 - Employment covenants enforceable, when — reasonability presumption.