Accord and Satisfaction: A Legal and Conceptual Analysis
Accord and Satisfaction: A Legal and Conceptual Analysis Accord and satisfaction is a legal doctrine that serves as a method for resolving disputes and discharging contractual obligations. It is commonly used in contract law, debt settlements, and tort claims. The principle allows parties to alter their existing obligations through mutual agreement, with one party agreeing to accept a substituted performance in place of the originally agreed-upon duty. When properly executed, accord and satisfaction effectively extinguishes Read more…