satisfaction contract

satisfaction contract
A contract which provides in terms that performance by the one party must be satisfactory to the other. United States Heat & Power Corp. v Lachman, 235 Mich 75, 209 NW 187. See satisfaction with performance.

Ballentine's law dictionary. . 1998.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • satisfaction — sat·is·fac·tion n 1 a: the act or fact of satisfying b: execution of an accord by performance of the substituted obligation often used in the phrase accord and satisfaction compare accord 3, transaction 3 c …   Law dictionary

  • satisfaction — Act of satisfying; the state of being satisfied. Seago v. New York Cent. R. Co., 349 Mo. 1249,164 S.W.2d 336, 341. The discharge of an obligation by paying a party what is due to him (as on a mortgage, lien, note, or contract), or what is awarded …   Black's law dictionary

  • Contract — law …   Wikipedia

  • Contract of sale — Contract law Part …   Wikipedia

  • satisfaction —    Receiving payment that is due, or under a contract, receiving performance of what is due …   Business law dictionary

  • accord and satisfaction — n. A means of ending a dispute by forming an agreement (the accord) that one party will pay the other some consideration (the satisfaction, often less than the amount originally agreed to) and that this will discharge any remaining obligation.… …   Law dictionary

  • Accord and satisfaction — In contract law, accord and satisfaction is the purchase of the release from a debt obligation. The payment is typically less than what is owed and is not paid by the actual performance of the original obligation. The accord is the agreement to… …   Wikipedia

  • accord and satisfaction — A method of discharging a claim whereby the parties agree to give and accept something in settlement of the claim and perform the agreement, the accord being the agreement and the satisfaction its execution or performance, and it is a new… …   Black's law dictionary

  • accord and satisfaction — A method of discharging a claim whereby the parties agree to give and accept something in settlement of the claim and perform the agreement, the accord being the agreement and the satisfaction its execution or performance, and it is a new… …   Black's law dictionary

  • (I Can't Get No) Satisfaction — Single by The Rolling Stones from the album Out of Our Heads …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”