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Section 20-4-2 - Joint obligation extinguished by performance by one person.

20-4-2. Joint obligation extinguished by performance by one person. Performance of an obligation, by one of several persons who are jointly liable under it, extinguishes the liability of all.

Source: CivC 1877, § 828; CL 1887, § 3452; RCivC 1903, § 1145; RC 1919, § 752; SDC 1939, § 47.0202.

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