§ 1473 Obligation Performance Extinguishes Debt
When a debt or duty is completely fulfilled—either by the person who owes it or by someone else who has their permission and the other side agrees—the obligation is considered finished and no longer exists.
You owe your neighbor $50 for a borrowed lawnmower. You pay the $50 yourself, or your friend pays it for you and the neighbor accepts the payment.
Because the full amount is paid and the neighbor agrees, the debt is extinguished—you no longer owe that $50.
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§ 1473 Obligation Performance Extinguishes Debt
Last verified: January 9, 2026