Title: OIL FIELD GAS CO. v. INTERNATIONAL SUPPLY CO.
Citation: 103 P.2d 91, 187 Okla. 262, 1940 OK 250
Docket Number: 
State: Oklahoma
Issuer: Oklahoma Supreme Court
Date: May 7, 1940

OIL FIELD GAS CO. v. INTERNATIONAL SUPPLY CO. Annotate this Case OIL FIELD GAS CO. v. INTERNATIONAL SUPPLY CO. 1940 OK 250 103 P.2d 91 187 Okla. 262 Case Number: 29311 Decided: 05/07/1940 Supreme Court of Oklahoma OIL FIELD GAS CO. et al. v. INTERNATIONAL SUPPLY CO. Syllabus ¶0 1. NOVATION-- Creditor agreeing to accept debtor's claims against third party not obliged to accept claims unless valid and enforceable. Where a creditor and debtor enter into an arrangement with a third party whereby creditor will accept obligations of third party to debtor in payment of debtor's obligation to creditor, a novation is created; but creditor is not obliged to accept claims against the third person, unless they are valid and enforceable. 2. BILLS AND