Consumer Banking and Payments Law: 3.11 Accord and Satisfaction
The accord and satisfaction rules in the revised UCC can be advantageous to consumers, but only consumers who are well-informed will be able to take advantage of them. One of the chief advantages of accord and satisfaction is that it provides consumers with a non-judicial, quick, and inexpensive method to resolve a dispute.669 The consumer can take advantage of accord and satisfaction when the consumer is the debtor.