accord executory


accord executory
A bilateral agreement of settlement which has not yet been performed (satisfied). Restatement, Second, Contracts, No. 281

Black's law dictionary. . 1990.

Look at other dictionaries:

  • accord executory — See executory accord …   Ballentine's law dictionary

  • executory — ex·ec·u·to·ry /ig ze kyə ˌtōr ē/ adj: designed or of such a nature as to be performed in the future or to take effect on a future contingency cancellation of the executory portion of the contract J. J. White and R. S. Summers compare contingent… …   Law dictionary

  • accord — ac·cord 1 /ə kȯrd/ vt 1: to bring into agreement 2: to grant or give esp. as appropriate, due, or earned vi: to be consistent or in harmony ◇ Accord in this sense is often used to introduce a case or an authority that accords with the case or… …   Law dictionary

  • executory accord — n: accord (3) Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • executory accord — An agreement embodying a promise, express or implied, to accept at some future time a stipulated performance in satisfaction or discharge, in whole or in part, of any present claim, cause of action or obligation, and a promise, express or implied …   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

  • accord — 1. An agreement between two persons, one of whom has a right of action against the other, to settle the dispute. In a debtor/creditor relationship, an agreement between the parties to settle a dispute for some partial payment. It is called an… …   Black's law dictionary

  • executory accord — An accord which has not been fully performed. 1 Am J2d Accord § 52. A compromise agreement which provides for the acceptance m the future of a stated performance in satisfaction of the antecedent claim. 15 Am J2d Compr § 24 …   Ballentine's law dictionary

  • executory unilateral accord — An offer to enter a contract …   Black's law dictionary

  • contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… …   Law dictionary


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