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An accord and satisfaction is binding upon both parties.

History. Orig. Code 1863, § 2823; Code 1868, § 2831; Code 1873, § 2882; Code 1882, § 2882; Civil Code 1895, § 3736; Civil Code 1910, § 4330; Code 1933, § 20-1205.

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For comment on Chocran v. Bell, 102 Ga. App. 617 , 117 S.E.2d 645 (1960), see 24 Ga. B.J. 422 (1962).