Upon formation,an accord and a substituted contract both have the same effect on the duties of the original contract.

Name: Upon formation,an accord and a substituted contract both have the same effect on the duties of the original contract.
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An accord is an agreement to accept a different performance, while a substituted contract replaces the original contract entirely, thus having different effects on the original duties.

Upon Formation,an Accord and a Substituted Contract Both Have the Same