Illinois Agreement for Accord and Satisfaction to be Effectuated by Refinancing Debtor's Property in the Name of Creditor
Category:
State:
Multi-State
Control #:
US-1340963BG
Format:
Word;
Rich Text
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Description
An accord and satisfaction is a method of discharging a contract, or settling a cause of action arising either from a contract or a civil wrong (tort), by substituting for the contract or cause of action an agreement for its satisfaction and the performance of the substituted agreement. The accord is the agreement; the satisfaction is the performance of the agreement.
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