Question: If one party offers a different performance than what is called for in the contract, and the second party agrees to it as payment -

If one party offers a different performance than what is called for in the contract, and the second party agrees to it as payment-in-full, it is called:
Group of answer choices
accord and satisfaction
consideration
satisfaction in totalis
reasonable facsimile of contract

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Quake Corporation paid $1,680,000 for a 30 percent interest in Tremor Corporation's outstanding voting stock on January 1, 2011. The book values and fair values of Tremor's assets and liabilities on...

Q:

The legal principle of stare decisis causes judges to: abide by, or adhere to, decided cases. stare blankly when delivering verdicts. rely on his or her own judgment and experience. prepare a...

Q:

If one party offers a different performance than what is called for in the contract, and the second party agrees to it as payment - in - full, it is called: q , accord and satisfaction reasonable...

Q:

Week 4 assignment Business law. In Chapter 8, we pointed out that promises and agree- ments, and the knowledge that some of those promises and agreements will be legally enforced, are essential to...

Q:

Can I please have this Chapter Outline, { the main points }. Book is called Legal Concepts in Sport by Linda Jean Carpenter. As a reference I uploaded all the pages of the chapter. Chapter 8...

Q:

1. List and define the four type of damages, which are usually determined by the jury 2. Terry O'Rourke, a 25-year old patient of Dr. Williams, refuses to take her medication to control diabetes and...

Q:

1) The Statute of Frauds requires that all of the following types of contracts be in writing EXCEPT: Promises to pay the debt of another Promise to do plumbing project Contracts involving the sale of...

Q:

1 pts D Question 39 Judge Showalter owes James $90,000 from money borrowed by the Judge. The Judge agrees that he owes the money. The Judge cannot come up with the money to pay James, but instead...

Q:

5) A contract is fully integrated if: It is fully performed It is in writing It is in writing and is the final and complete agreement of the parties It is in writing and is fully liquidateded. 6)...

Q:

Judge Showalter owes James $90,000 from money borrowed by the Judge. The Judge agrees that he owes the money. The Judge cannot come up with the money to pay James, but instead offers him a deed to...

Q:

1. Based on the Consumer Product Safety Act, mark all that qualifies a product as defective. (Check all that apply) a.Poor design b.No warning lables of side effects c.Manufacturing Defects...

Q:

Calculate the mean activity coefficient for Ba* and SO, ions in a saturated solution of BaSo, and 0.71 M NagPO O a. 0.002596 O b. 0.03246 Oc 1.110e-6 O d. 0.2183 O e. 3.420e-5

Q:

Calculate the doubling time of a bacteria whose specific growth rate is 1.2 h-1.

Q:

Mode True or False Question True or false: The payback rule states that a project should be accepted if its payback period is greater than a specified cutoff period. True false question. True False

Q:

this is number 1. question & the 2. question.....THIS IS HOW CLEAR ITS GOING TO GET! Sims Company, a manufacturer of tablet computers, began operations on January 1, 2015. Its cost and sales...