GroundRules
28-1-1401: Accord -- definition and effect.
Where this section sits in the code
- TITLE 28. CONTRACTS AND OTHER OBLIGATIONS
- CHAPTER 1. OBLIGATIONS IN GENERAL
- Part 14. Accord and Satisfaction
An accord is an agreement to accept in extinction of an obligation something different from or less than that to which the person agreeing to accept is entitled. Though the parties to an accord are bound to execute it, yet it does not extinguish the obligation until it is fully executed.
Collected 2026-09-14T04:50:42Z. Source file · JSON