is a form of discharge by mutual agreement.
A) Rescission
B) Arbitration
C) Accord and satisfaction
D) Separation of powers

Question

Quizplus · Accepted Answer

Accord and satisfaction is a form of discharge by mutual agreement where parties come to a new agreement that replaces the original obligation. This type of agreement is often used in contract disputes where the parties negotiate a compromise to settle the matter instead of going to court.

Is a Form of Discharge by Mutual Agreement