Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Accord
An amicable arrangement between parties, esp. between peoples or nations; coMPACT; TRFATY. 2. An offer to give or to accept a stipulated performance in the future to satisfy an obligor's existing duty, together with an acceptance of that offer. 0 The performance becomes what is known as a .satisfaction. -Also termed executors accord; accord executory. See ACCORD AND SATISFACTION; SATISFACTION. Cf. NOVATION."An accord is a contract under which an obligee promises to accept a stated performance in satisfaction of the obligor's existing duty. Performance of the accord discharges the original duty." Restatement (Second) of Contracts § 281(1) (1981)."The term executory accord is sometimes used to underscore the point that the accord itself does not discharge the duty. It also reflects an historical anachronism, now generally rejected, under which an unperformed accord was not a defense to an action on the underlying duty." E. Allan Farnsworth, Contracts § 4.24, at 285 n.8 (1982).3. A signal used in a legal citation to introduce a case clearly supporting a proposition for which another case is being quoted directly.
Optimus interpretandi modus est sic leges interpretare ut leges legibus accordant
The best mode of interpreting laws is to make laws agree with laws.
accord and satisfaction.
An agreement to substitute for an existing debt some alternative form of discharging that debt, coupled with the actual discharge of the debt by the substituted performance. 0 The new agreement is called the accord, and the discharge is called the satisfaction. Cf. NOVATION; SETTLEMENT. Accord and satisfaction' means an agreement between the parties that something shall be given to, or done for, the person who has the right of action, in satisfaction of the cause of action. There must be not only agreement ('accord') but also consideration ('satisfaction'). Such an arrangement is really one of substituted performance." 1 E.W. Chance, Principles of Mercantile Law 101 (P.W. French ad., 13th ed. 1950).
accord,
To furnish or grant, esp. what is suitable or proper <accord the litigants a stay of costs pending appeal>. 2. To agree <they accord in their opinions>.
accordant
adj. In agreement <accordant with these principles>.
conge d'accorder
,. [Law French] Hist. Leave to accord. 0 Courts used this phrase in fictitious land-title lawsuits to grant the defendant permission to agree with the plaintiff's allegations. See FINE (1).
executory accord
See ACCORD (2)
executory unilateral accord
An offer to enter a contract; OFFER (2).