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.
Title: Understanding a Guam Notice Accompanying Check Tendered in Settlement of Disputed Claim Introduction: A Guam Notice Accompanying Check Tendered in Settlement of Disputed Claim is an official document that outlines essential information regarding the settlement process for a disputed claim in Guam. This detailed description will shed light on the purpose, contents, and potential types of this notice, providing a comprehensive understanding of its significance. Keywords: Guam, notice, check, tendered, settlement, disputed claim. 1. Purpose of a Guam Notice Accompanying Check Tendered in Settlement of Disputed Claim: When a claim becomes disputed in Guam, parties involved may opt for a settlement to resolve the matter. In such cases, a Notice Accompanying Check is prepared to accompany the settlement payment, providing important information to the recipient regarding the transaction and concluding the dispute. 2. Contents of a Guam Notice Accompanying Check Tendered in Settlement of Disputed Claim: — Dispute Details: The notice briefly summarizes the disputed claim, providing a concise background of the issue at hand. — Settlement Agreement: It outlines the terms and conditions agreed upon by both parties, highlighting the mutually accepted resolution and any necessary actions to be taken. — Payment Information: The notice specifies the settlement payment amount, the provided check number, and the exact payment date. — Legal Clauses: Include any legal clauses pertaining to confidentiality, release of liability, or other conditions that may be relevant to the settlement. 3. Types of Guam Notice Accompanying Check Tendered in Settlement of Disputed Claim: a. General Notice: This type of notice is the most common and covers all aspects of a typical Guam Notice Accompanying Check for a disputed claim settlement. b. Confidentiality Notice: In certain cases, parties involved might wish to include a confidentiality clause to ensure the non-disclosure of settlement details or agreement terms by the recipient. c. Partial Settlement Notice: When a claim has multiple components or is settled in installments, a partial settlement notice specifies the particular aspect of the claim the payment covers. d. Final Settlement Notice: This type of notice indicates the final resolution of a claim and ensures any pending disputes or further claims are fully settled. Conclusion: A Guam Notice Accompanying Check Tendered in Settlement of Disputed Claim acts as a vital document during the resolution process. It provides a comprehensive summary of the dispute, outlines the mutually agreed-upon settlement terms, and facilitates the finalization of the claim. Understanding the purpose and potential types of this notice is crucial for individuals involved in settling disputed claims in Guam. Keywords: Guam, notice, check, tendered, settlement, disputed claim, purpose, contents, types, settlement agreement, payment information, legal clauses, general notice, confidentiality notice, partial settlement notice, final settlement notice.Title: Understanding a Guam Notice Accompanying Check Tendered in Settlement of Disputed Claim Introduction: A Guam Notice Accompanying Check Tendered in Settlement of Disputed Claim is an official document that outlines essential information regarding the settlement process for a disputed claim in Guam. This detailed description will shed light on the purpose, contents, and potential types of this notice, providing a comprehensive understanding of its significance. Keywords: Guam, notice, check, tendered, settlement, disputed claim. 1. Purpose of a Guam Notice Accompanying Check Tendered in Settlement of Disputed Claim: When a claim becomes disputed in Guam, parties involved may opt for a settlement to resolve the matter. In such cases, a Notice Accompanying Check is prepared to accompany the settlement payment, providing important information to the recipient regarding the transaction and concluding the dispute. 2. Contents of a Guam Notice Accompanying Check Tendered in Settlement of Disputed Claim: — Dispute Details: The notice briefly summarizes the disputed claim, providing a concise background of the issue at hand. — Settlement Agreement: It outlines the terms and conditions agreed upon by both parties, highlighting the mutually accepted resolution and any necessary actions to be taken. — Payment Information: The notice specifies the settlement payment amount, the provided check number, and the exact payment date. — Legal Clauses: Include any legal clauses pertaining to confidentiality, release of liability, or other conditions that may be relevant to the settlement. 3. Types of Guam Notice Accompanying Check Tendered in Settlement of Disputed Claim: a. General Notice: This type of notice is the most common and covers all aspects of a typical Guam Notice Accompanying Check for a disputed claim settlement. b. Confidentiality Notice: In certain cases, parties involved might wish to include a confidentiality clause to ensure the non-disclosure of settlement details or agreement terms by the recipient. c. Partial Settlement Notice: When a claim has multiple components or is settled in installments, a partial settlement notice specifies the particular aspect of the claim the payment covers. d. Final Settlement Notice: This type of notice indicates the final resolution of a claim and ensures any pending disputes or further claims are fully settled. Conclusion: A Guam Notice Accompanying Check Tendered in Settlement of Disputed Claim acts as a vital document during the resolution process. It provides a comprehensive summary of the dispute, outlines the mutually agreed-upon settlement terms, and facilitates the finalization of the claim. Understanding the purpose and potential types of this notice is crucial for individuals involved in settling disputed claims in Guam. Keywords: Guam, notice, check, tendered, settlement, disputed claim, purpose, contents, types, settlement agreement, payment information, legal clauses, general notice, confidentiality notice, partial settlement notice, final settlement notice.
