When an accord and satisfaction is at issue,the ________ is the payment,by the debtor,of the reduced amount.
A)satisfaction
B)accord
C)both satisfaction and accord
D)fund transfer
E)bond

Question

Quizplus · Accepted Answer

An accord and satisfaction is an arrangement between contracting parties whereby one of the parties substitutes a different performance for his or her original duty under the contract.In an accord and satisfaction,the "satisfaction" is the payment,by the debtor,of the reduced amount.

When an Accord and Satisfaction Is at Issue,the ________ Is