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 'An accord is a contract between creditor and debtor for the settlement of a claim by some performance other than that which is due. Satisfaction takes place when the accord is executed.' W.H. McCune, Inc. v. Revzon, 151 Conn. 107, 109, 193 A.2d 601 (1963). An accord, however, is an agreement, and an agreement will not be considered binding by the courts unless it is supported by consideration. Id. At an early date in English history it was held that a creditor could not take five pounds in satisfaction of a fifteen pound debt because he received no consideration for the other ten pounds. Cumber v. Wane, 93 Eng. Rep. 613 (1718). From the day this rule was announced, however, it has been recognized that dictates of fairness and considerations of business require that the rule be subject to certain exceptions. One well known exception is that an accord may be made ''when there is a good faith dispute about the existence of a debt or about the amount that is owed.'' Blake v. Blake, 211 Conn. 485, 491, 560 A.2d 396 (1989) (quoting Fire Door Corp. v. C.F. Wooding Co., 202 Conn. 277, ...

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