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This entry was published on 2014-09-22
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SECTION 15-503
Offer of accord followed by tender
General Obligations (GOB) CHAPTER 24-A, ARTICLE 15, TITLE 5
§ 15-503. Offer of accord followed by tender. 1. An offer in writing,
signed by the offeror or by his agent, to accept a performance therein
designated in satisfaction or discharge in whole or in part of any
claim, cause of action, contract, obligation, or lease, or any mortgage
or other security interest in personal or real property, followed by
tender of such performance by the offeree or by his agent before
revocation of the offer, shall not be denied effect as a defense or as
the basis of an action or counterclaim by reason of the fact that such
tender was not accepted by the offeror or by his agent.

2. If executed by an agent, any offer required by this section to be
in writing which affects or relates to real property or an interest
therein as defined in section 5-101 in any manner stated in subdivisions
one or two of section 5-703 of this chapter shall be void unless such
agent was thereunto authorized in writing.