Contracts
In Kansas, what is 'accord and satisfaction' in a real estate dispute?
AA court judgment in favor of the plaintiff
BAn agreement between disputing parties to accept something different from what was originally owed, in full settlement of the dispute✓ Correct
CA mediator's non-binding recommendation
DA contract term requiring performance satisfaction
Explanation
Accord and satisfaction occurs when parties agree (accord) to substitute a different performance for the original obligation, and that substituted performance is carried out (satisfaction). It extinguishes the original obligation.
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