Which of the following provides the best example of discharge by accord and satisfaction?
A) A butcher runs out of Grade AAA beef and offers Grade A as a substitute (with a good discount) to all customer with existing orders.
B) A customer prepays for 10 lbs. of prime rib, but cancels the order because he instead wants to buy 50 lb. of filet mignon for a business party.
C) A butcher shop changes ownership and the new owner fills the outstanding orders.
D) A butcher's shop burns down and the owner is not able to fill his orders.
E) A butcher fills his order two days late because he was seriously ill.

Question

Quizplus · Accepted Answer

Accord and satisfaction occurs when one party offers to perform an obligation under a contract and the other party accepts a different performance in exchange. In this scenario, the butcher offers a different grade of beef (Grade A instead of Grade AAA) at a discounted price as a substitute for the originally agreed-upon product. The customers accept this offer by taking the substitute beef, and the original obligation to provide Grade AAA beef is discharged.

Which of the Following Provides the Best Example of Discharge