1 what is an accord and satisfaction explain2 youre having, Ask an Expert

Management Studies

1. What is an Accord and Satisfaction? Explain.

2. You're having a dispute with Ford Motor Credit. You're sure you made last month's $800 payment, but they claim they never received it. You decide to refinance your loan with a new lender, and pay off Ford but make your check $800 short, to account for the money you paid and that Ford can't find. To be safe, you write "PAYMENT IN FULL" on your payoff check. Ford refuses to release your car title because it claims you still owe $800. Who wins? Explain.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93108328

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