George and Halle disagree as to the exact amount one owes the other.They form a new agreement that,on fulfillment,will discharge the prior obligation.This is

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An accord and satisfaction is a contract law concept that is used to settle a debt dispute by agreeing to accept a lesser amount than what was originally owed. This can discharge the prior obligation once the new agreement is fulfilled. The other options (a covenant not to sue, a release, and promissory estoppel) are not directly related to settling a debt dispute through a new agreement.

George and Halle Disagree as to the Exact Amount One