Section 12-21-31

Written settlements for composition of debts.

All settlements in writing made in good faith for the compositionof debts must be taken as evidence and held to operate according to the intentionof the parties though no release under seal is given and no new considerationhas passed.

(Code 1852, §2283; Code 1867, §2686; Code 1876, §3040;Code 1886, §2775; Code 1896, §1806; Code 1907, §3974; Code1923, §7670; Code 1940, T. 7, §382.)