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ACCORD

accord,n.1.  An  amicable  arrangement  between  parties,  esp.  between  peoples  or  nations;

COMPACT; TREATY. 2.  An  offer to  give  or to accept a stipulated  performance  in the  future to

satisfy  an  obligor’s  existing  duty,  together  with  an  acceptance  of  that  offer.  •  The  performance

becomes what is known as a satisfaction. — Also termed executory accord; accord executory. See

ACCORD AND SATISFACTION ; SATISFACTION. Cf. COM-PROMISE; NOVATION. [Cases:

Accord and Satisfaction    1. C.J.S. Accord and Satisfaction §§ 2–17, 25–33.]

“An accord is a contract under which an obligee promises to accept a stated performance in

satisfaction of the obligor’s existing duty. Performance of the accord discharges the original duty.”

Restatement (Second) of Con-tracts § 281(1) (1979).

“The term executory accord is sometimes used to underscore the point that the accord itself

does  not  discharge  the  duty.  It  also  reflects  an  historical  anachronism,  now  generally  rejected,

under  which  an  unperformed  accord  was  not a  defense  to  an  action  on  the  underlying  duty.”  E.

Allan Farnsworth, Contracts § 4.24, at 289 n.10 (3d ed. 1999).

3.  A  signal  used  in  a  legal  citation  to  introduce a  case clearly  supporting  a  proposition  for

which another case is being quoted directly.

accord,vb.1. To furnish or grant, esp. what is suitable or proper <accord the litigants a stay of

costs pending appeal>.2. To agree <they accord in their opinions>. [Blacks Law 8th]