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ACCORD AND SATISFACTION. An

Categories: Contracts

Definition (1910 Edition)

agreement between two, persons, one of whom has a right of action against the other, that the latter should do or give, and the former accept, something in satisfaction of the right of action different from, and usually less than, what might be legally enforced. When the agreement is executed, and satisfaction has been made, it ts called “accord and satisfaction.” Rogers v. Spokane, 9 Wash. 168, 37 Pac. 300; Davis ve
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain. UK commentary and modern updates are original additions. This entry is for educational reference only and does not constitute legal advice.