A(n)________ is a new agreement resulting from a bona fide dispute between the parties as to the terms of their original agreement.

Question

Quizplus · Accepted Answer

Accord and satisfaction is a new agreement resulting from a bona fide dispute between the parties as to the terms of their original agreement. This new agreement involves a compromise where one party agrees to accept something less than what was originally promised, and the other party agrees to provide it in exchange for a release from further obligation. Mutual rescission involves both parties agreeing to terminate the original agreement, novation involves substituting a new party in place of one of the original parties, and termination by waiver involves one party voluntarily giving up their rights under the original agreement without creating a new agreement.

A(n)________ Is a New Agreement Resulting from a Bona Fide