Cole owed Williams $150. When Cole couldn't pay the $150, Williams accepted $75 and a shaver worth $50 as full settlement. The contract was discharged by

Question

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Accord and satisfaction occur when the parties agree to accept different performance than originally agreed upon, and the new agreement is fully performed. In this case, Williams accepted $75 and a shaver worth $50 instead of the original $150, discharging the contract through accord and satisfaction.

Cole Owed Williams $150