When there is an accord and satisfaction,when are the duties under the original contract discharged?
A) when the original contract is breached
B) when the accord is formed
C) when the duties of the original contract are fully performed by one of the parties
D) when the duties under the accord are fully performed by both parties
E) when the duties under both the original contract and the accord are fully performed by both parties

Question

Quizplus · Accepted Answer

The duties under the original contract are discharged when the duties under the accord are fully performed by both parties. This means that both parties have agreed to a new arrangement (accord) that supersedes the original contract, and once both parties fulfill their obligations under the accord, the original contract is deemed to be fully satisfied.

When There Is an Accord and Satisfaction,when Are the Duties