Payment is usually made by a party who is primarily liable for the debt; and if such party makes or tenders payment, the creditor is bound to accept it.1 Even if the maker of a note is insolvent, and a payment by him will be an unlawful preference, the holder of a note must accept such payment if tendered in order to prevent release of the indorsers.2 Payment may be made by one of two or more joint debtors.3

Payment by one debtor under one contract does not discharge the liability of another debtor under another contract, although for the same obligation.4