An accord is an agreement by the parties to offer and accept some performance different from that originally bargained for. The actual performance of the new obligation is:
A) accord
B) satisfaction
C) completion
D) finalization
E) termination

Question

Quizplus · Accepted Answer

An accord is an agreement to accept a new obligation different from the original one. Satisfaction is the actual performance of the new obligation that was agreed upon in the accord. Therefore, the best choice is B.

An Accord Is an Agreement by the Parties to Offer