An accord is enforceable even though no new consideration is given.

Question

Quizplus · Accepted Answer

An accord is a mutual agreement between parties to accept something other than what was originally promised to settle a debt or dispute. Once the accord is performed, the original obligation is discharged. A new consideration is not required to enforce the accord, as the performance of the accord itself is considered sufficient consideration. Therefore, an accord is enforceable even though no new consideration is given.

An Accord Is Enforceable Even Though No New Consideration Is