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Accord and satisfaction

Accord
and
satisfaction
is an acrostic for aas.

Definition of the noun accord and satisfaction

What does accord and satisfaction mean as a name of something?

noun

  1. the settlement of a debt by paying less than the amount demanded in exchange for extinguishing the debt
    • lexical domain: Communicative Processes - nouns denoting communicative processes and contents
    • more generic word: settlement = a conclusive resolution of a matter and disposition of it

Explanation

Accord and satisfaction is a contract law concept about the purchase of the release from a debt obligation. The payment is typically less than the amount owed and is not paid by the actual performance of the original obligation. The accord is the agreement to discharge the obligation and the satisfaction is the legal "consideration" which binds the parties to the agreement.

Printed encyclopedias and other books with definitions for Accord and satisfaction

Click on a title to look inside that book (if available):

Google previewJudicial and Statutory Definitions of Words and Phrases (1904)

Accord and satisfaction is the discharge of a contract or cause of action or disputed claim, arising either in contract or tort,

Google previewLitigation Handbook on West Virginia Rules of Civil Procedure - Fourth Edition (2015)

by Franklin D. Cleckley, Robin Jean Davis, Louis J. Palmer, Jr

Accord and satisfaction is an affirmative defense that must be specifically pled or it may be deemed waived.353 An accord and satisfaction is a method of discharging a claim wherein the parties agree to give and accept something in ...

Google previewHandbook On The Rules Of Civil Procedure For West Virginia Magistrate Courts (2010)

by Louis J. Palmer, Jr., Robin Jean Davis

Accord and satisfaction is an affirmative defense that may be raised by a defendant. An accord and satisfaction is a method of discharging a claim wherein the parties agree to give and accept something in settlement of the claim and perform ...

Google previewLaw School Property Law: (2013)

The Study Guides, Outlines, and Advice That You Need to Get an A by Adams

Accord & Satisfaction: An accord and satisfaction is an agreement to accept less ...

Google previewThe General Principles of the Law of Contract (1902)

by Louis Lougee Hammon

Accord and satisfaction is an agreement whereby the right of action is discharged . It must be based upon a consideration, and the consideration must, as a rule, be executed in favor of the party entitled to sue. ยง 476. Release. A release is a ...

Google previewCommercial Transactions Under the Uniform Commercial Code and Other Laws (2011)

by Donald Barnett King, Daniel D. Barnhizer

โ€œAccord and satisfaction is a method of discharging a contract or cause of action, [ w]hereby the parties agree to give and accept...

Google previewThe Law of Construction Disputes (2013)

by Cyril Chern

Accord and satisfaction is a concept about the purchase of the release from a debt or other...

โ€œAccord and satisfaction is the purchase of a release from an obligation arising under contract or tort by means of any ...

Google previewLaw for Business and Personal Use (2016)

Business, Business law by CTI Reviews

Accord and satisfaction: Accord and satisfaction is a contract law concept about the ...

Google previewThe Legal and Regulatory Environment of Business (2016)

Business, Business law by CTI Reviews

Accord and satisfaction: Accord and satisfaction is a contract law concept about the purchase of the release from a debt obligation. The payment is typically less than what is owed and is not paid by the actual performance of the original ...

Google previewLitigation and Trial Practice (2006)

by William Hart, Roderick D. Blanchard, Janis Walter

The accord and satisfaction is a complete defense to an action on the original contract. A plaintiff's failure to sue within the time specified by the contract to which the parties have agreed (contract condition) or within the time specified by the ...

Google previewSmith and Robersons Business Law (2016)

by CTI Reviews

Accord and satisfaction: Accord and satisfaction is a contract law concept about the purchase of the release from a debt obligation. The payment is typically less than what is owed and is not paid by the actual performance of the original ...

Google previewA Treatise on the Powers and Duties of Justices of the Peace, in the State of Michigan, Under Chapter Ninety-three of the Revised Statutes, with Practical Forms (1867)

by Alexander Ralston Tiffany

Accord and satisfaction is a defence in all actions except upon records. 1 Chit. PL , 521. The best and safest way of pleading an accord is to plead it by way of satisfaction ; for, if it is pleaded by way of accord, a precise execution of it in every ...

Google previewA summary of the principles and practice of the law of personal and mixed actions, as connected with trials at Nisi Prius ... By a member of the Inner Temple (1820)

Accord and satisfaction is a proper plea in covenant; for, notwithstanding the general principle, that in an action founded on deed, it must be discharged by a matter of as high a nature (10), that rule ...

Google previewBusiness Law: Principles for Today's Commercial Environment (2016)

by David P. Twomey, Marianne M. Jennings, Stephanie M Greene

An accord and satisfaction is a contractual method of discharging debts or claims between the parties to such an agreement. In order for such an arrangement to exist, there must be: (1) a bonafide dispute as to the claims pending between the ...

Google previewContracts and the Legal Environment for Engineers and Architects (2016)

by CTI Reviews

Accord and satisfaction: Accord and satisfaction is a contract law concept about the purchase of the release from a debt obligation. The payment is typically less than what is owed and is not paid by the actual performance of the original ...

Google previewA Digest of the Law of Actions and Trials at Nisi Prius (1794)

by Isaac 'Espinasse

Accord and satisfaction is a good plea in affumpfit : but it must be performed at the time of the plea. In ajfumtfit the defendant pleaded an accord between Shepherd v. him and the plaintiff, to do several matters, in bar of the Lewis, demand, and ...

Google previewe-Study Guide for: Introduction to the Law of Contracts by Martin A. Frey, ISBN 9781401864712 (2012)

by Cram101 Textbook Reviews

Accord and satisfaction: Accord and satisfaction is a contract law concept about the purchase of therelease from a debt obligation. Thepayment is typically lessthan what is owedandis not paid by the actual performanceofthe original obligation.

Google previewTextbook on Legal Language and Legal Writing

by Prof. Dr. K. L. Bhatia

Accord and satisfaction is a contract law concept about the purchase of the release from a debt obligation. The payment is typically less than what is owed and is not paid by the actual performance of the original ...

Google previewBusiness Law (2016)

Law, Business law by CTI Reviews

Accord and satisfaction: Accord and satisfaction is a contract law concept about the purchase of the release from a debt obligation. Thepayment is typicallylessthan what isowed andisnotpaid bythe actual performance of the original obligation.

Google previewLegal Terminology Explained (2016)

by CTI Reviews

Accord and satisfaction: Accord and satisfaction is a contract law concept about the purchase of the release from a debt obligation. The paymentistypically less than what is owed and is not paid by the actual performance of the original ...

Google previewIntroduction to Law and Paralegal Studies (2016)

Law, Law by CTI Reviews

Accord and satisfaction: Accord and satisfaction is a contract law concept about the purchase of ...

Google previewDynamic Business Law, The Essentials (2016)

by CTI Reviews

Accord and satisfaction: Accord and satisfaction is a contract law concept about the purchase of the release from a debt obligation. The paymentistypically less than what is owed and is not paid by the actual performance of the original ...

Google previewe-Study Guide for: Business Law by Henry R Cheeseman, ISBN 9780132890410 (2013)

by Cram101 Textbook Reviews

Accord and satisfaction is a contract law concept aboutthe purchase of the release from a debt obligation. The payment is typically less thanwhat isowed andisnot paid bythe actual performance ofthe original obligation.

Google previewTort Law Defences (2013)

by James Goudkamp

Contract of settlement An accord and satisfaction is a contract between the parties in which the claimant agrees ...

Google previewBusiness Law Today, The Essentials (2016)

Business, Business law by CTI Reviews

Accord and satisfaction: Accord and satisfaction is a contractlaw conceptaboutthe purchase ofthe release from a debt obligation. Thepayment is typically lessthan what isowedand isnotpaidbythe actual performance ofthe original obligation.

Google previewThe American and English Encyclopaedia of Law and Practice: A to Admiralty (1909)

by William Mark McKinney, David Shephard Garland

Accord and satisfaction is the substitution of another agreement between the parties in satisfaction of a former one, and an execution of the latter agreement. Pulliam v. Taylor, 50 Miss. 257; Swofford Bros. DryGoods Co. v. Goss, 65 Mo.

Google previewA Treatise on the Law of Accord and Satisfaction, Compromise, and Composition at Common Law (1912)

With Forms for Use in Composition Proceedings : in Three Books by Alva Roscoe Hunt

The Supreme Court of Minnesota has laid down the following compre hensive definition: โ€œAccord and satisfaction is the discharge of a contract, or cause of action, or disputed claim, arising either in contract or tort, by the substitution of an ...

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