Accord and Satisfaction

A new agreement to discharge a claimed obligation is an accord; performance of the accord is satisfaction.

Representative cases

• American & Foreign Insurance v. Jerry's Sport Center, Inc. 2 A.3d 526 · Supreme Court of Pennsylvania
• Audubon Parking Associates Ltd. Partnership v. Barclay & Stubbs, Inc. 225 Conn. 804 · Supreme Court of Connecticut
• B & B Bail Bonds Agency of Connecticut, Inc. v. Bailey 256 Conn. 209 · Supreme Court of Connecticut

Related Excuse & Discharge rules

• Impossibility DefenseObjective impossibility excuses performance when it becomes literally impossible due to unforeseen events.
• Impracticability DefenseImpracticability excuses performance when extreme difficulty or expense fundamentally alters the nature of the…
• Frustration of PurposeFrustration excuses performance when the contract’s principal purpose is substantially undermined by unforeseen events.
• NovationA novation is a substituted contract replacing one party with another, requiring consent of all parties.
• Accord vs. ModificationAn accord is a new agreement for substitute performance; a modification changes existing obligations.

Part of Contracts on Core Legal Rules — foundational MBE-tested principles with primary-source citations.