§ 1541 Debt Release Requirements
This law says that a duty or debt ends when the person who is owed something (the creditor) releases the person who owes it (the debtor) from that duty, either by a written release or by agreeing to something new.
A landlord and tenant agree to end a lease early without the tenant paying extra rent.
Because the landlord releases the tenant from the lease obligations, the tenant's duty to keep paying rent is extinguished, even though no new money changes hands.
AI-generated — May contain errors. Not legal advice. Always verify source.
§ 1541 Debt Release Requirements
Last verified: January 9, 2026