accord and satisfaction

accord and satisfaction

An agreement to substitute for an existing debt some alternative form of discharging that debt, coupled with the actual discharge of the debt by the substituted performance.

? The new agreement is called the accord, and the discharge is called the satisfaction. Cf. COMPROMISE; NOVATION; SETTLEMENT(2), (3). [Cases: Accord and Satisfaction 1.C.J.S. Accord and Satisfaction ¡ì¡ì 2¨C17, 25¨C33.]


What is the legal translation of accord and satisfaction in Chinese?
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