What Is the "Accord" in an Accord and Satisfaction Under

question 148

Multiple Choice

What is the "accord" in an accord and satisfaction under contract law?

• A) any agreement that has been fully performed
• B) an agreement made in order to settle a dispute of an earlier contract that is not valid because the terms of the earlier contract will control
• C) an agreement made in order to settle a dispute of an earlier contract that eliminates all legal effect of the earlier contract upon the accord's formation
• D) an agreement made to correct an illusory promise made in a contract
• E) an agreement made in order to settle a dispute of an earlier contract that, if not satisfied, allows a lawsuit to enforce either the original contract or the accord

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