CHAPTER 4. Accord and Satisfaction [[1521.] - 1526.]

Chapter 4 enacted 1872.

§§ [1521.]–1526 · 6 sections

• § [1521.] Section Fifteen Hundred and Twenty-one. An accord is an agreement to accept, in extinction of an obligation, something different from or less than that to…
• § 1522 Though the parties to an accord are bound to execute it, yet it does not extinguish the obligation until it is fully executed.
• § 1523 Acceptance, by the creditor, of the consideration of an accord extinguishes the obligation, and is called satisfaction.
• § [1524.] Section Fifteen Hundred and Twenty-four. Part performance of an obligation, either before or after a breach thereof, when expressly accepted by the creditor in…
• § 1525 It is the public policy of this State, in the best interests of the taxpayer and of the litigant, to encourage fair dealing and to promote justice by reducing…
• § 1526 (a) Where a claim is disputed or unliquidated and a check or draft is tendered by the debtor in settlement thereof in full discharge of the claim, and the…