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- Q5422091 subject Q7006577.
- Q5422091 abstract "Extinguishment is the destruction of a right or contract. If the subject of the contract is destroyed (such as through merging the contract subject and the contract obligation), then the contract may be made void. Extinguishment occurs in a variety of contracts, such as land contracts (common, copyhold), debts, rents, and right of ways. A right may be extinguished by nullifing that right or, in the case of a debt, discharged by payment in full or through settlement.An extinguishment may be by matter of fact and by matter of law. If a creditor receives satisfaction and full payment of a debt and the creditor releases the debtor, then that is express extinguishment by matter of fact. If a person is renting land and subsequently becomes the owner of that same land by purchase or descent, the rent is extinguished through implied extinguishment by matter of fact.There are numerous situations where a claim is extinguished by operation of law. If two persons are jointly but not severally liable for a simple contract debt, a judgment at common law obtained against only one of the debtors works as an extinguishment of the claim on the other debtor as a matter of law. A conveyance of mortgaged land by the mortgagor to the mortgagee extinguishes the mortgage. However taking a promissory note for the amount due on the mortgage does not deprive the mortgage holder of a right to a lien, but merely suspends its enforcement until the note is payable.".
- Q5422091 wikiPageExternalLink PPA1167,M1.
- Q5422091 wikiPageWikiLink Q13405038.
- Q5422091 wikiPageWikiLink Q1400.
- Q5422091 wikiPageWikiLink Q1483709.
- Q5422091 wikiPageWikiLink Q157165.
- Q5422091 wikiPageWikiLink Q184260.
- Q5422091 wikiPageWikiLink Q190122.
- Q5422091 wikiPageWikiLink Q1990719.
- Q5422091 wikiPageWikiLink Q21071039.
- Q5422091 wikiPageWikiLink Q2259176.
- Q5422091 wikiPageWikiLink Q2630687.
- Q5422091 wikiPageWikiLink Q272893.
- Q5422091 wikiPageWikiLink Q28848.
- Q5422091 wikiPageWikiLink Q3007688.
- Q5422091 wikiPageWikiLink Q30216.
- Q5422091 wikiPageWikiLink Q3188085.
- Q5422091 wikiPageWikiLink Q4254798.
- Q5422091 wikiPageWikiLink Q4950481.
- Q5422091 wikiPageWikiLink Q6517577.
- Q5422091 wikiPageWikiLink Q682557.
- Q5422091 wikiPageWikiLink Q7006577.
- Q5422091 wikiPageWikiLink Q7097736.
- Q5422091 wikiPageWikiLink Q7646691.
- Q5422091 wikiPageWikiLink Q780687.
- Q5422091 wikiPageWikiLink Q7848151.
- Q5422091 wikiPageWikiLink Q843280.
- Q5422091 wikiPageWikiLink Q93288.
- Q5422091 comment "Extinguishment is the destruction of a right or contract. If the subject of the contract is destroyed (such as through merging the contract subject and the contract obligation), then the contract may be made void. Extinguishment occurs in a variety of contracts, such as land contracts (common, copyhold), debts, rents, and right of ways.".
- Q5422091 label "Extinguishment".