Accord and satisfaction
Accord and satisfaction is a contract law concept about the purchase of the release from a debt obligation. It is one of the methods by which parties to a contract may terminate their agreement. The release is completed by the transfer of valuable consideration that must not be the actual performance of the obligation itself. The accord is the agreement to discharge the obligation and the satisfaction is the legal "consideration" which binds the parties to the agreement. A valid accord does not discharge the prior contract; instead it suspends the right to enforce it in accordance with the terms of the accord contract, in which satisfaction, or performance of the contract will discharge both contracts (the original and the accord). If the creditor breaches the accord, then the debtor will
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Accord and satisfaction
Accord and satisfaction is a contract law concept about the purchase of the release from a debt obligation. It is one of the methods by which parties to a contract may terminate their agreement. The release is completed by the transfer of valuable consideration that must not be the actual performance of the obligation itself. The accord is the agreement to discharge the obligation and the satisfaction is the legal "consideration" which binds the parties to the agreement. A valid accord does not discharge the prior contract; instead it suspends the right to enforce it in accordance with the terms of the accord contract, in which satisfaction, or performance of the contract will discharge both contracts (the original and the accord). If the creditor breaches the accord, then the debtor will
has abstract
Accord and satisfaction bezeic ...... hte verzichten (satisfaction).
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Accord and satisfaction is a c ...... se of accord and satisfaction.
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Отступное — один из способов п ...... может выполнять те же функции.
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733,738,893
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comment
Accord and satisfaction bezeic ...... iated Newspapers, Ltd. [1933]:
@de
Accord and satisfaction is a c ...... accord, then the debtor will
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Отступное — один из способов п ...... ого устанавливаются сторонами.
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label
Accord and satisfaction
@de
Accord and satisfaction
@en
Отступное
@ru