Satisfaction of an accord discharges an original contractual obligation.

Name: Satisfaction of an accord discharges an original contractual obligation.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Satisfaction of an accord, which is a new agreement to accept a different form of performance than what was originally agreed upon, discharges the original contractual obligation. This means that once the accord is fulfilled, the parties are released from the obligations of the original contract.

Satisfaction of an Accord Discharges an Original Contractual Obligation