When a promisee who has an existing claim agrees with the promisor that he will accept some performance different from that which was originally agreed on,both parties can use the remedy of:
A)specific performance.
B)accord and satisfaction.
C)waiver.
D)rescissions.

Question

Quizplus · Accepted Answer

An accord is an agreement whereby a promisee who has an existing claim agrees with the promisor that he will accept some performance different from that which was originally agreed on.When the promisor performs the accord,it is called a satisfaction.

When a Promisee Who Has an Existing Claim Agrees with the Promisor