An Accord Is an Agreement by Parties to a Contract

question 519

True/False

An accord is an agreement by parties to a contract to give and accept some performance different from that originally bargained for.

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Definitions:

Financial Security

The condition of having stable income or resources to support a standard of living now and in the foreseeable future.

Integrity

Refers to the quality of being honest and having strong moral principles.

Assistant

A person who supports others, typically in administrative tasks, to help them be more efficient in their roles.

SEC (Securities and Exchange Commission)

The regulatory authority tasked with overseeing the securities industry, enforcing legal compliance, and protecting investors.