When parties agree to an accord and satisfaction, the original obligation subject to the accord is...
When parties agree to an accord and satisfaction, the original obligation subject to the accord is immediately discharged.
True or False
Justice of the peace, municipal court, and small-claims court, are generally referred to as ________ courts.
Homework Answers
Answer of this question is TRUE
Because
A valid accord does not discharge the prior contract; instead it suspends the right to enforce it in accordance with the terms of the accord contract, in which satisfaction, or performance of the contract will discharge both contracts (the original and the accord)
Answer of the question is Limited jurisdiction courts
Courts of limited jurisdiction are called by many different names, including city court, county court, justice of the peace, magistrate, municipal court, and probate court.
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When parties agree to an accord and satisfaction, the original
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