Accord and satisfaction
is 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 obligation. The
accord is the agreement to discharge the
obligation and the satisfaction is the legal
"consideration" which binds the parties
to the agreement.
If a person is sued over an alleged debt they
bear the burden of proving the affirmative
defense of accord and satisfaction Affirmative
defense.
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