satisfaction contract

satisfaction contract
A contract which provides in terms that performance by the one party must be satisfactory to the other. United States Heat & Power Corp. v Lachman, 235 Mich 75, 209 NW 187. See satisfaction with performance.

Ballentine's law dictionary. . 1998.

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Look at other dictionaries:

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  • accord and satisfaction — A method of discharging a claim whereby the parties agree to give and accept something in settlement of the claim and perform the agreement, the accord being the agreement and the satisfaction its execution or performance, and it is a new… …   Black's law dictionary

  • accord and satisfaction — A method of discharging a claim whereby the parties agree to give and accept something in settlement of the claim and perform the agreement, the accord being the agreement and the satisfaction its execution or performance, and it is a new… …   Black's law dictionary

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