No release, acquittance, or receipt, made by the petitioner after executing the deed of assignment, of any debt, demand, right, action, or cause of action, existing at or before the time of executing the deed, shall be of any force or effect.

Code 1852, § ?2708; Code 1915, § ?4632; Code 1935, § ?5090; 10 Del. C. 1953, § ?7327;