§ 1522 Accord Execution Obligation

This law says that when people make a deal, they must keep their promises until the deal is completely finished, even if they haven't finished everything yet.

Key Takeaways

•A deal is still active until every part of it is completed.
•You must keep your promises even if the other side hasn't finished theirs.
•The agreement doesn't end just because work is still going on.

Example

Two neighbors agree that one will fix the fence and the other will pay half the cost. The neighbor who fixes the fence starts the work but hasn't finished when the other neighbor stops paying.

Even though the work isn't done yet, the neighbor who promised to pay still has to keep paying until the fence is fully repaired, because the agreement isn't finished until all promises are kept.

This law says that when people make a deal, they must keep their promises until the deal is completely finished, even if they haven't finished everything yet.

Key Takeaways

•A deal is still active until every part of it is completed.
•You must keep your promises even if the other side hasn't finished theirs.
•The agreement doesn't end just because work is still going on.

Example

Two neighbors agree that one will fix the fence and the other will pay half the cost. The neighbor who fixes the fence starts the work but hasn't finished when the other neighbor stops paying.

Even though the work isn't done yet, the neighbor who promised to pay still has to keep paying until the fence is fully repaired, because the agreement isn't finished until all promises are kept.

Key Takeaways

Example

Key Terms

References

§ 1522 Accord Execution Obligation

Key Takeaways

Example

Key Terms

References

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References