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CH 17
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A(n) __________ is a contract by which an obligee promises to accept a stated performance in satisfaction of the obligor's existing contractual duty.
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accord
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Terms in this set (22)
A(n) __________ is a contract by which an obligee promises to accept a stated performance in satisfaction of the obligor's existing contractual duty.
accord
which type of condition is more common
conditions precedent are common in contracts
A(n) __________ is a substituted contract that involved an agreement among three parties to substitute a new promise for the existing promise or to replace the existing promisor with a new one.
novation
even though all creditors have not been paid in full, a discharge under the _________ eliminates ordinary contract claims against the debtor
bankruptcy law
________ is performance that, though incomplete, does not defeat the purpose of the contract
substantial performance
