Johnson owed Ginger $900. Johnson agreed to pay Ginger back by painting his house. Ginger accepted this change in the contractual agreement. Until Johnson actually paints Ginger's house, this new contract is a(n)

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Quizplus · Accepted Answer

An accord is an agreement to accept some performance other than what was originally agreed upon. Since Johnson has agreed to paint Ginger's house instead of paying $900, but has not yet performed the painting, this is an accord. Satisfaction would occur once the painting is completed, fulfilling the accord.

Johnson Owed Ginger $900