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The accord agreement must be transacted on a new agreement. It must therefore have the essential terms of a contract, (parties, subject matter, time for performance, and consideration). If there is a breach of the accord there will be no "satisfaction" which will give rise to a breach of accord.
Rule 8(c) specifically enumerates the following defenses: "accord and satisfaction, arbitration and award, assumption of risk, contributory negligence, discharge in bankruptcy, estoppel, failure of consideration, fraud, illegality, injury by fellow servant, laches, license, payment, release, res judicata, statute of frauds, statute of ...
Satisfaction may refer to: Contentment. ... Accord and satisfaction, a contract law concept about the purchase of the release from a debt obligation; Film and television
Court rulings have treated the tender of such a check as the offer of an accord and satisfaction. If the creditor accepts, endorses, and receives payment from the check, he has accepted the contract, and so discharged the whole debt owed by the debtor .
Accord and satisfaction 1; Exculpatory clause; Interpretation; Parol evidence 3; Contract of adhesion; Integration clause; Contra proferentem; UNIDROIT Principles; Dispute resolution; Choice of law clause; Forum selection clause. Hague Choice of Court Convention; Arbitration. New York Convention; UNCITRAL Model Law; Mediation. Singapore ...
Contract law regulates the obligations established by agreement, whether express or implied, between private parties in the United States. The law of contracts varies from state to state; there is nationwide federal contract law in certain areas, such as contracts entered into pursuant to Federal Reclamation Law.
Consideration is the central concept in the common law of contracts and is required, in most cases, for a contract to be enforceable. Consideration is the price one pays for another's promise.
Accord and satisfaction, a concept in contract law; Clark Accord (1961–2011), Surinamese–Dutch author and makeup artist; Ms. Accord, a Puyo Puyo video game character; Prices and Incomes Accord, agreement between unions and government of Australia to achieve price stability (1983–1996)