Tag: Accord
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Accord and Satisfaction
An 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. The agreement is the accord and the satisfaction is the consideration for same. See Fairchild v […]
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Accord
To agree and concur. 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. Carpenter v Pacific States Savings and Loan Co., 64 P.2d 1102,19 Cal.App.2d 263.