California CodesCivil Code - CIVDivision 3 — ObligationsPart 1 — Obligations in GeneralTitle 4 — Extinction of ObligationsChapter 4 — Accord and Satisfaction [1521 – 1526]Section 1523
Acceptance, by the creditor, of the consideration of an accord extinguishes the obligation, and is called satisfaction.
Notes
Defines satisfaction as the creditor’s acceptance of the consideration provided under an accord and establishes that this acceptance extinguishes the underlying obligation. The obligation ends when the creditor accepts what the accord requires, rather than merely when the accord agreement is made.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1523 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-1/title-4/chapter-4/section-1523