2010 Georgia Code
TITLE 13 - CONTRACTS
CHAPTER 4 - MODIFICATION, EXTINGUISHMENT, AND RENEWAL
ARTICLE 6 - ACCORD AND SATISFACTION
§ 13-4-101 - Elements and requirements of accord and satisfaction generally
. Elements and requirements of accord and satisfaction generally
Accord and satisfaction occurs where the parties to an agreement, by a subsequent agreement, have satisfied the former agreement, and the latter agreement has been executed. The execution of a new agreement may itself amount to a satisfaction of the former agreement, where it is so expressly agreed by the parties; and, without such agreement, if the new promise is founded on a new consideration, the taking of it is a satisfaction of the former agreement.
Graham Syfert - Jacksonville Lawyer