An accord and satisfaction is a common means of settling a claim.

Name: An accord and satisfaction is a common means of settling a claim.
Brand: Quizplus
Rating: 4.9 (50 reviews)

Question

Quizplus · Accepted Answer

An accord and satisfaction is a legal contract where the parties agree to settle a disputed claim for a specific amount or action, and once the satisfied party receives the agreed-upon consideration, the disputed claim is considered resolved. It is a common means of settling a claim outside of court.

An Accord and Satisfaction Is a Common Means of Settling