A compromise and settlement agreement can also be known as which of the following?
A)Accord
B)Satisfaction
C)Accord and satisfaction
D)Compromise

Question

Quizplus · Accepted Answer

A compromise and settlement agreement is often referred to as an "accord and satisfaction," because it involves an agreement to settle a dispute between parties (accord), usually involving a payment or other resolution (satisfaction). Option A is incorrect because "accord" alone refers just to the agreement, without the actual resolution. Option B is incorrect because "satisfaction" alone doesn't necessarily imply a compromise or mutual settlement. Option D is incorrect because "compromise" alone isn't specific enough to describe the legal agreement being made.

A Compromise and Settlement Agreement Can Also Be Known as Which