An accord is an agreement to accept in extinction of an obligation something different from or less than that to which the person agreeing to accept is entitled. Though the parties to an accord are bound to execute it, yet it does not extinguish the obligation until it is fully executed.
Mont. Code Ann. § 28-1-1401
Accord -- definition and effect
Applied in 2 court decisions — leading case 76 F. Supp. 2d 1069 - Carlson v. State Farm Mutual Automobile Insurance (1999)
Most recently applied in 81 F. App'x 89 - In re Miller (October 2003)
Ap. p
Official source: Montana Code Annotated (Montana Legislature). Reproduced from public-domain Montana statutes; confirm against the official source for the current text. Not legal advice.