Code of Alabama - Title 8: Commercial Law and Consumer Protection - Section 8-1-20 - "Accord" defined

Section 8-1-20 - "Accord" defined.

An "accord" is an agreement to accept in extinction of an obligation something different from or less than that to which the person agreeing to accept is claiming or entitled.

(Code 1923, §5640; Code 1940, T. 9, §1.)

Last modified: May 3, 2021