„Accord And Satisfaction“
What does Accord And Satisfaction stand for?
A means of discharging a claim whereby the parties agree to give and accept something in settlement and perform the agreement, the agreement being the “accord” and its performance “the satisfaction.”
Source:
Legal and RegulatoryView all itemsHalsbury’s Laws of England, 4th Edition, Volume 9(1): Contract Law, Paragraph 954-956.
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