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Home » US Law » 2022 Code of Alabama » Title 8 - Commercial Law and Consumer Protection. » Chapter 1 - Contracts. » Article 2 - Accord and Satisfaction. » Section 8-1-22 – Accepting Accord Consideration Deemed Satisfaction.

Section 8-1-22

Accepting accord consideration deemed satisfaction.

Acceptance of the consideration of an accord extinguishes the obligation and is called satisfaction.

(Code 1923, §5642; Code 1940, T. 9, §3.)