Official Code of Georgia Annotated

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.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

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.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Orig. Code 1863, § 2819; Code 1868, § 2827; Code 1873, § 2878; Code 1882, § 2878; Civil Code 1895, § 3732; Civil Code 1910, § 4326; Code 1933, § 20-1201.

Law reviews

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

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t13-(v11)-2010-pdf.pdf, Volume V11, 2010 edition, pages 279 to 280; merge action: annotated; file SHA-256 18573afb153d.