Contracts
In Washington, 'accord and satisfaction' in a real estate contract context means:
AThe buyer and seller are satisfied with the property
BA new agreement (accord) that replaces the original obligation, which is discharged when the accord is performed (satisfaction)✓ Correct
CThe broker accepts less than their full commission in satisfaction of a dispute
DA court awards satisfaction to a party who prevailed in litigation
Explanation
Accord and satisfaction is a legal settlement method where one party agrees to accept different performance than originally agreed (accord), and when that different performance is completed (satisfaction), the original obligation is discharged.
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