substituted contract

substituted contract
substituted contract see contract

Merriam-Webster’s Dictionary of Law. . 1996.

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  • novation — A type of substituted contract that has the effect of adding a party, either as obligor or obligee, who was not a party to the original duty. Substitution of a new contract, debt, or obligation for an existing one, between the same or different… …   Black's law dictionary

  • novation — A type of substituted contract that has the effect of adding a party, either as obligor or obligee, who was not a party to the original duty. Substitution of a new contract, debt, or obligation for an existing one, between the same or different… …   Black's 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

  • novation — no·va·tion /nō vā shən/ n [Late Latin novatio renewal, legal novation, from Latin novare to make new, from novus new]: the substitution by mutual agreement of one obligation for another with or without a change of parties and with the intent to… …   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

  • 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

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