Which of the following is true for an accord?

Question

Quizplus · Accepted Answer

An accord is a new agreement reached between the parties to a contract that substitutes for and discharges the original obligation. It is generally enforceable even though no new consideration is given, as the new agreement itself constitutes the consideration. The original contract remains in force until the accord is satisfied, at which point the original contract is terminated. The nonbreaching party can still enforce the original contract if the accord is not satisfied. An accord can be reached even if both parties have fully performed their obligations under the original contract.

Which of the Following Is True for an Accord