No contract shall be discharged because after its formation the obligation and the right thereunder become vested in the same person, acting in different capacities as to the right and the obligation.
NRS 102.030
Merger of obligation and right in contract
Known as the Uniform Interparty Agreement Act
The act spans §§ 102–102 (6 sections).
[2:36:1927; NCL § 3661]
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.