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of
the Georgia Code
2006 Georgia Code - 13-4-101
13-4-101. Accord and satisfaction occurs where the parties
to an agreement, by a subsequent agreement, have satisfied the
former agreement, and the latter agreement has been executed. The
execution of a new agreement may itself amount to a satisfaction of
the former agreement, where it is so expressly agreed by the
parties; and, without such agreement, if the new promise is founded
on a new consideration, the taking of it is a satisfaction of the
former agreement.
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