Comparative law notes
creditor’s acceptance of a substitute performance in full discharge of an obligation; delivery of assets to a creditor in full satisfaction of a debt
There are multiple definitions - click on the translation that matches your context.
- adjudicación en pago
- datio in solutum
- datio pro soluto
- dación en pago
accord and satisfaction means:
- substitute performance
- accord and satisfaction
datio in solutum means:
datio in solutum
full
accord and satisfaction
noun
Definitions of accord and satisfaction
an agreement to accept an alternative form of payment for a debt, and for that debt to then be discharged (=ended following payment)
Can an accord and satisfaction settle a disagreement?