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.
The Illinois Notice Accompanying Check Tendered in Settlement of Disputed Claim is an official document issued in the state of Illinois that provides important information regarding the settlement of a disputed claim through the issuance of a check. This notice serves as a legal notification to the claimant and outlines the terms and conditions of the settlement agreement. When receiving a check tendered in settlement of a disputed claim, it is crucial for the recipient to thoroughly review the accompanying notice. This document explains the rights and responsibilities of both parties involved and ensures that the settlement process is conducted in compliance with Illinois state laws. Keywords: Illinois, Notice Accompanying Check, Tendered in Settlement, Disputed Claim, settlement agreement, legal notification, terms and conditions, recipient, rights and responsibilities, compliance, state laws. Different types of Illinois Notice Accompanying Check Tendered in Settlement of Disputed Claim may include: 1. Illinois Small Claims Notice Accompanying Check: This type of notice specifically pertains to small claims disputes in Illinois. It explains the process of settling a disputed claim and provides the necessary instructions for the recipient. 2. Illinois Workers' Compensation Notice Accompanying Check: Designed for workers who have filed a compensation claim, this notice accompanies a check offered as a settlement. It details the rights and benefits the worker is entitled to under Illinois workers' compensation laws. 3. Illinois Auto Insurance Settlement Notice Accompanying Check: This notice is applicable to individuals involved in auto insurance claims in Illinois. It outlines the terms and conditions of the settlement and provides information on how to proceed with accepting or disputing the offer. 4. Illinois Property Damage Notice Accompanying Check: This type of notice is provided when settling a disputed claim related to property damage. It includes information on the amount of compensation offered and any additional terms or conditions applicable to the settlement. 5. Illinois Medical Malpractice Notice Accompanying Check: For individuals who have filed a medical malpractice claim, this notice accompanies the settlement check. It outlines the factors involved in determining the settlement amount and provides details on any restrictions or obligations associated with accepting the payment. Remember, the content above is fictional and created solely for the purpose of demonstrating how relevant keywords can be incorporated into a description.
