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 nullifying that right or, in the case of a debt, discharged by payment in full or through settlement.

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  • 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 nullifying 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. (en)
  • Wygaśnięcie (wygasanie, wygaszanie) – termin prawny określający stan, w którym ostatecznie przestaje obowiązywać pewne prawo, umowa lub roszczenie, na skutek powstania sytuacji określonej w odrębnych przepisach, lub w dokumencie, którego dotyczy. W prawie polskim, termin ten był i jest używany w różnych dziedzinach, na przykład w ustawie o szkolnictwie wyższym w odniesieniu do wygaśnięcia uprawnień uczelni i jej pracowników, w odniesieniu do prawa wykonywania zawodu pielęgniarki lub w ordynacji podatkowej do wygaśnięcia zobowiązań podatkowych. (pl)
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  • Wygaśnięcie (wygasanie, wygaszanie) – termin prawny określający stan, w którym ostatecznie przestaje obowiązywać pewne prawo, umowa lub roszczenie, na skutek powstania sytuacji określonej w odrębnych przepisach, lub w dokumencie, którego dotyczy. W prawie polskim, termin ten był i jest używany w różnych dziedzinach, na przykład w ustawie o szkolnictwie wyższym w odniesieniu do wygaśnięcia uprawnień uczelni i jej pracowników, w odniesieniu do prawa wykonywania zawodu pielęgniarki lub w ordynacji podatkowej do wygaśnięcia zobowiązań podatkowych. (pl)
  • 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 nullifying that right or, in the case of a debt, discharged by payment in full or through settlement. (en)
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  • Extinguishment (en)
  • Wygaśnięcie (pl)
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