Contracts
The term 'accord and satisfaction' in contract law means:
AA court order requiring performance of a contract
BAn agreement to accept something different from what was originally owed, fully settling the obligation✓ Correct
CMutual agreement to rescind a purchase and sale agreement
DA payment plan to satisfy a judgment lien
Explanation
Accord and satisfaction is a settlement of a disputed or unliquidated claim. The parties agree (accord) to accept different performance than originally required, and the performance (satisfaction) discharges the original obligation.
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