For the Parties to Enter into an Accord and Satisfaction

question 57

True/False

For the parties to enter into an accord and satisfaction that discharges the original obligation, there must be a bona fide dispute.

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Definitions:

Time/Costs Button

A feature in project management or accounting software that allows users to track and record time spent on tasks and the associated costs.

Pay Sales Taxes Icon

A software interface element that allows users to manage and remit the sales taxes collected from customers.

Sales Taxes

Taxes imposed by the government on sales of goods and services, which are typically paid by the consumer at the point of sale.

Payroll Liabilities

Obligations arising from salaries, wages, taxes, and other amounts due to employees.