Identify the correct option for the following two statements of Assertion (A) and Reasoning (R).
Assertion (A):The Accord and Satisfaction is a process by which the plaintiff forgoes his right to sue the defendant for the tortious liability for some consideration.
Reasoning (R): The ‘accord’ indicates the agreement, while the ‘satisfaction’ indicates the effect of such an agreement, which makes it operative in law.
Both (A) and (R) are correct; and (R) is the correct explanation of (A)
(A) is incorrect, but (R) is correct
Both (A) and (R) are correct; but (R) is not the correct explanation of (A)
(A) is correct, but (R) is incorrect
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