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Indiana Agreement for Accord and Satisfaction of an Undisputed Hospital Claim

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Description

Accord and satisfaction is a method of discharging a claim whereby the parties agree to give and accept something in settlement of the claim and perform the agreement. Accord is the agreement and satisfaction is its execution or performance.


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.


In order for there to be an accord and satisfaction, there must be

(1) a bona fide dispute;

(2) an agreement to settle the dispute; and

(3) the performance of the agreement.


A settlement in which one party promises to forego an undisputed, liquidated claim in exchange for a promise to perform, or the performance of, a pre-existing duty will not be held to be enforceable by many courts, because of the absence of consideration. However, the promise to perform, or the performance of, anything slightly different from the pre-existing duty is sufficient consideration to support a promise to forego the claim. When a claim is disputed in good faith, or when an undisputed claim is unliquidated (the amount owed has not been determined), a settlement of such a claim is clearly enforceable.

The Indiana Agreement for Accord and Satisfaction of an Undisputed Hospital Claim is a legal document that establishes the terms and conditions for resolving a hospital claim in the state of Indiana. It is specifically designed to facilitate an agreement between a hospital and an individual or entity responsible for payment, such as an insurance company or a patient. The purpose of this agreement is to provide a mutually acceptable resolution to an undisputed hospital claim, where both parties agree to settle the claim in full and release each other from any further obligations or liabilities. It helps ensure the hospital receives payment for the services rendered, while the responsible party can resolve the claim without facing potential legal repercussions. The agreement typically contains several key provisions and sections. These may include: 1. Parties Involved: This section identifies the names and contact information of the hospital and the responsible party entering into the agreement. 2. Claim Details: This portion outlines the specific details of the hospital claim, including the patient's name, medical services provided, dates of service, and total amount owed. 3. Payment Terms: Here, the agreement establishes the terms and method of payment. It may include the payment amount, due date, and acceptable modes of payment, such as check or electronic funds transfer. 4. Release of Liability: This section states that upon payment in accordance with the agreement, both parties release each other from any further liability or claims related to the specific hospital claim. It ensures that the responsible party cannot be held accountable for any additional fees or charges associated with the claim. 5. Governing Law: The agreement may specify that it is governed by the laws of the state of Indiana, ensuring that any disputes or legal issues arising from the agreement are handled in accordance with Indiana state law. It is important to note that specific variations of the Indiana Agreement for Accord and Satisfaction of an Undisputed Hospital Claim may exist, tailored to different types of hospital claims or situations. For example, there may be separate agreements for uninsured patients, claims related to specific medical procedures, or agreements specific to insurance providers. Overall, this agreement serves as a legal and binding contract between the hospital and the responsible party, outlining the terms for settling an undisputed hospital claim. By signing the agreement, both parties acknowledge and accept their respective responsibilities, ensuring a fair and comprehensive resolution to the claim.

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FAQ

The satisfaction is the execution or acceptance of this agreement, and once satisfaction occurs, the previous contract is extinguished. Accord and satisfaction is an affirmative defense to a breach of contract claim, requiring the asserting party to plead and prove the defense.

Definition. An agreement (accord) between two contracting parties to accept alternate performance to discharge a preexisting duty between them and the subsequent performance (satisfaction) of that agreement.

554, 561 (2001), for the rule that three elements must exist for there to be an accord and satisfaction: (a) there must be a (good faith) dispute about the existence or extent of liability, (b) after the dispute arises, the parties must enter into an agreement in which one party must agree to pay more than that party

Definition. An agreement (accord) between two contracting parties to accept alternate performance to discharge a preexisting duty between them and the subsequent performance (satisfaction) of that agreement.

Under most state law, a valid accord and satisfaction requires four elements as a minimum, usually, (1) proper subject matter, (2) competent parties, (3) meeting of the minds of the parties and (4) adequate consideration.

Under most state law, a valid accord and satisfaction requires four elements as a minimum, usually, (1) proper subject matter, (2) competent parties, (3) meeting of the minds of the parties and (4) adequate consideration.

The accord is the agreement to discharge the obligation and the satisfaction is the legal "consideration" which binds the parties to the agreement.

An accord and satisfaction is a legal contract whereby two parties agree to discharge a tort claim, contract, or other liability for an amount based on terms that differ from the original amount of the contract or claim. Accord and satisfaction is also used to settle legal claims prior to bringing them to court.

Which of the following is true regarding an accord and satisfaction? When amounts agreed upon are paid, the debt is fully discharged. Which of the following is true under the UCC regarding checks marked "paid-in-full"?

Accord and satisfaction is a settlement of an unliquidated debt. For example, a builder is contracted to build a homeowner a garage for $35,000. The contract called for $17,500 prior to starting construction, to disburse $10,000 during various stages of construction, and to make a final payment of $7,500 at completion.

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Insurance company constitutes settlement by accord and satisfaction; (2) the chilling effect on insured homeowners ability to accept initial payments on ... In either case the person against whom the claim is asserted may attempt an accord and satisfaction of the disputed claim by tendering a check ...Contracts. Page 1. ASSENT . INTRODUCTION TO INTERPRETATION. Restatement (Second) § 201 ? Whose Meaning Prevails. (1) Where the parties have attached the ... Implied Contracts. Owen and Hillary's agreement deals in goods, so the contract falls within the UCC. Omission of a stated price would require payment of a ... (3) Only Marion County Indiana has a distinct Small Claims Court, though allpled in Defendant's initial answer: accord and satisfaction, ... The attorney shall give the attorney general's office notice within 30 days of any judgment or settlement in an action or claim by the medical assistance ... By WC Bartz ? Held: that plaintiff had made a contract of settlement with defendant reasonably warranting the finding that the part payment was a full accord and satisfaction ... Contractors the court considers whether accord and satisfaction can bethe 10-year period can file claims, and established a Chapter 558 Notice of Claim. Jeffrey Yessenow and Hilton Hudson are doctors who got into theHospital") is located at 701 Superior Avenue in Munster, Indiana and was ... The plaintiff is a honey farm that sued the defendant based on 12 claims associatedUnder Indiana law, tort liability based on negligence requires three ...

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Indiana Agreement for Accord and Satisfaction of an Undisputed Hospital Claim