'Accord and satisfaction' discharges a disputed obligation when:

a.The parties agree to submit the disputed amount to binding arbitration
b.One party stops demanding payment and lets the claim go stale
c.The parties agree on a substitute performance and it is rendered
d.A court orders the losing party to perform its original promise instead

Giải thích

An accord is the agreement to accept something different from or less than what is owed, in extinction of a disputed obligation (Civil Code §1521); the satisfaction is actually performing it (§1523). Both halves are needed — the accord alone suspends the old obligation, it does not discharge it. Cashing a check tendered in full settlement of a genuinely disputed amount is the everyday example. (b) describes waiver or the running of the statute of limitations, neither of which is a bargained settlement. (a) changes the forum that will decide the claim without settling it at all. (d) is a judgment, which enforces the original obligation rather than substituting a new one.

Trích dẫn luật: Civil Code §1521, §1523

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Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)
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