A contract is usually discharged by performance of the terms of the agreement. However, the parties may agree to a different performance. This is called an accord. When the accord is performed, this is called an accord and satisfaction. The original obligation is discharged.
Where a claim is disputed, and where the creditor fails to reject a check for a lesser amount remitted to the creditor by the debtor on the clear condition that it be accepted in full satisfaction, the acceptance on the part of the creditor amounts to an accord and satisfaction of the creditor's larger claim. No particular language is required to be used by a debtor in making a tender of a check in full settlement of a claim against the debtor, so long as the tender clearly indicates that acceptance by the creditor of the amount offered must be in full satisfaction of the claim.
The following form is a sample of a notice accompanying a check tendered in settlement of a claim that is in dispute.
Arkansas Notice Accompanying Check Tendered in Settlement of Disputed Claim is a legal document used in the state of Arkansas to accompany a check that is being offered as a settlement for a disputed claim. This notice serves to provide important information to the recipient regarding the nature of the payment and their rights in relation to the settlement. Keywords: Arkansas, notice, check tendered, settlement, disputed claim, legal document, recipient, payment, rights. There are different types of Arkansas Notice Accompanying Check Tendered in Settlement of Disputed Claim depending on the specific circumstances and nature of the dispute. Some common types include: 1. Personal injury claim settlement: This type of notice accompanies a check that is being offered as a settlement for a personal injury claim. It outlines the details of the claim, including the injuries sustained, medical expenses, and any other relevant factors affecting the settlement amount. 2. Workers' compensation claim settlement: In cases where a disputed claim arises from a workplace injury, this type of notice is used. It provides information about the specific workers' compensation laws applicable, the injuries sustained, and the agreed-upon settlement amount. 3. Property damage claim settlement: If a dispute arises due to property damage, such as a car accident or property destruction, this notice accompanies the settlement check. It includes details about the damage, repair costs, and the final settlement figure. 4. Insurance claim settlement: In cases involving insurance claims, this notice accompanies the settlement check. It outlines the policy coverage, the nature of the claim, and the agreed-upon settlement amount. 5. Contract dispute settlement: This type of notice is used for disputes arising from contractual agreements. It includes details about the terms of the contract, the breach of contract allegations, and the settlement amount agreed upon by the parties involved. The Arkansas Notice Accompanying Check Tendered in Settlement of Disputed Claim is an essential legal document that ensures transparency and informs the recipient of their rights and options in regard to the settlement process. It is crucial to consult with legal professionals or use appropriate templates to draft this notice accurately and effectively.Arkansas Notice Accompanying Check Tendered in Settlement of Disputed Claim is a legal document used in the state of Arkansas to accompany a check that is being offered as a settlement for a disputed claim. This notice serves to provide important information to the recipient regarding the nature of the payment and their rights in relation to the settlement. Keywords: Arkansas, notice, check tendered, settlement, disputed claim, legal document, recipient, payment, rights. There are different types of Arkansas Notice Accompanying Check Tendered in Settlement of Disputed Claim depending on the specific circumstances and nature of the dispute. Some common types include: 1. Personal injury claim settlement: This type of notice accompanies a check that is being offered as a settlement for a personal injury claim. It outlines the details of the claim, including the injuries sustained, medical expenses, and any other relevant factors affecting the settlement amount. 2. Workers' compensation claim settlement: In cases where a disputed claim arises from a workplace injury, this type of notice is used. It provides information about the specific workers' compensation laws applicable, the injuries sustained, and the agreed-upon settlement amount. 3. Property damage claim settlement: If a dispute arises due to property damage, such as a car accident or property destruction, this notice accompanies the settlement check. It includes details about the damage, repair costs, and the final settlement figure. 4. Insurance claim settlement: In cases involving insurance claims, this notice accompanies the settlement check. It outlines the policy coverage, the nature of the claim, and the agreed-upon settlement amount. 5. Contract dispute settlement: This type of notice is used for disputes arising from contractual agreements. It includes details about the terms of the contract, the breach of contract allegations, and the settlement amount agreed upon by the parties involved. The Arkansas Notice Accompanying Check Tendered in Settlement of Disputed Claim is an essential legal document that ensures transparency and informs the recipient of their rights and options in regard to the settlement process. It is crucial to consult with legal professionals or use appropriate templates to draft this notice accurately and effectively.
