An accord and satisfaction prevents a creditor from maintaining an action to recover the remainder of the debt that he alleges is due.

Name: An accord and satisfaction prevents a creditor from maintaining an action to recover the remainder of the debt that he alleges is due.
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The settlement of an unliquidated debt is called an accord and satisfaction.When an accord and satisfaction has been made,the creditor cannot maintain an action to recover the remainder of the debt that he alleges is due.

An Accord and Satisfaction Prevents a Creditor from Maintaining an Action