An "accord" is an agreement to accept in extinction of an obligation something different from or less than that to which the person agreeing to accept is claiming or entitled.
Structure Code of Alabama
Title 8 - Commercial Law and Consumer Protection.
Article 2 - Accord and Satisfaction.
Section 8-1-20 - "Accord" Defined.
Section 8-1-21 - Obligation Not Extinguished by Accord Until Executed.
Section 8-1-22 - Accepting Accord Consideration Deemed Satisfaction.
Section 8-1-23 - Obligation Extinguished by New Consideration or Writing.