15-702 – Surety Disclosure.
§ 15-702. Surety disclosure. 1. As used in this section: a. “Consumer” means a natural person. b. “Consumer credit transaction” or “transaction” means a loan or sale pursuant to which credit is extended to a consumer primarily for personal, family, or household purposes. The term does not include transactions pursuant to a consumer credit account. […]
15-503 – Offer of Accord Followed by Tender.
§ 15-503. Offer of accord followed by tender. 1. An offer in writing, signed by the offeror or by his agent, to accept a performance therein designated in satisfaction or discharge in whole or in part of any claim, cause of action, contract, obligation, or lease, or any mortgage or other security interest in personal […]
15-701 – Surety Not Discharged by Failure or Refusal by Creditor to Sue Principal Debtor.
§ 15-701. Surety not discharged by failure or refusal by creditor to sue principal debtor. Unless otherwise agreed between the parties in writing, the failure or refusal by a creditor, after a demand by a person bound as surety, to bring an action against a principal debtor upon a contract hereafter made or an obligation […]
15-105 – Discharge of One Obligor, Without Reservation.
§ 15-105. Discharge of one obligor, without reservation. 1. If an obligee releasing or discharging an obligor without express reservation of rights against a co-obligor, then knows or has reason to know that the obligor released or discharged did not pay so much of the claim as he was bound by his contract or relation […]
15-106 – Death of Joint Obligor.
§ 15-106. Death of joint obligor. On the death of a joint obligor in contract, his estate shall be bound as such jointly and severally with the surviving obligor or obligors.
15-107 – Release of Partner.
§ 15-107. Release of partner. A release of a partner from a partnership liability shall release his co-partners from the same liability to the creditor giving the release, but after a partnership has been dissolved, by consent or otherwise, any partner may make a separate composition or compromise with any partnership creditor, and such composition […]
15-108 – Release or Covenant Not to Sue.
§ 15-108. Release or covenant not to sue. (a) Effect of release of or covenant not to sue tortfeasors. When a release or a covenant not to sue or not to enforce a judgment is given to one of two or more persons liable or claimed to be liable in tort for the same injury, […]
15-109 – Uniformity of Interpretation.
§ 15-109. Uniformity of interpretation. This title shall be so interpreted and construed as to effectuate its general purpose to make uniform the law of those states which enact it.
15-110 – Inconsistent Laws Repealed.
§ 15-110. Inconsistent laws repealed. All acts or parts of acts inconsistent with this title are hereby repealed; but nothing in this title shall be construed as repealing any of the provisions of the civil practice law and rules or the partnership law.
15-301 – When Written Agreement or Other Instrument Cannot Be Changed by Oral Executory Agreement, or Discharged or Terminated by Oral Executory Agreement or O
§ 15-301. When written agreement or other instrument cannot be changed by oral executory agreement, or discharged or terminated by oral executory agreement or oral consent or by oral notice. 1. A written agreement or other written instrument which contains a provision to the effect that it cannot be changed orally, cannot be changed by […]