US Legal Forms
Agreement for Accord and Satisfaction with Amount of Claim...

South Carolina Agreement for Accord and Satisfaction with Amount of Claim Undetermined

Name: South Carolina Agreement for Accord and Satisfaction with Amount of Claim Undetermined
Brand: US Legal Forms
Rating: 4.61 (314 reviews)

Category:

Contracts - Accords and Satisfaction

State:

Multi-State

Control #:

US-0142BG

Format:

Instant download

Description

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 (deemed satisfied). An example would be settlement of a lawsuit for breach of contract. The parties might settle for less than the amount called for under the contract. This agreement shows a situation where the total amount of the claim cannot be determined because of the insufficiency or inadequacy of the records of both parties.

View District of Columbia

View this form

Sample Letter for Congratulations on Recog...

View this form

How to fill out South Carolina Agreement For Accord And Satisfaction With Amount Of Claim Undetermined?

US Legal Forms - among the greatest libraries of legitimate kinds in America - offers a wide range of legitimate file web templates it is possible to download or produce. Utilizing the web site, you can find 1000s of kinds for organization and individual functions, categorized by classes, states, or key phrases.You can find the newest variations of kinds much like the South Carolina Agreement for Accord and Satisfaction with Amount of Claim Undetermined within minutes.

If you currently have a membership, log in and download South Carolina Agreement for Accord and Satisfaction with Amount of Claim Undetermined from the US Legal Forms library. The Download button will appear on each develop you see. You get access to all formerly delivered electronically kinds in the My Forms tab of your own bank account.

If you wish to use US Legal Forms for the first time, here are simple directions to obtain started:

Ensure you have picked out the correct develop for the metropolis/area. Click on the Preview button to examine the form`s articles. Read the develop description to actually have selected the correct develop.
In the event the develop doesn`t fit your needs, make use of the Search area towards the top of the display to get the the one that does.
When you are pleased with the form, validate your option by visiting the Acquire now button. Then, opt for the prices program you want and provide your accreditations to sign up on an bank account.
Method the financial transaction. Make use of credit card or PayPal bank account to perform the financial transaction.
Pick the structure and download the form in your product.
Make alterations. Complete, revise and produce and signal the delivered electronically South Carolina Agreement for Accord and Satisfaction with Amount of Claim Undetermined.

Every single template you added to your account does not have an expiration particular date which is yours forever. So, if you would like download or produce yet another backup, just proceed to the My Forms segment and click on about the develop you will need.

Obtain access to the South Carolina Agreement for Accord and Satisfaction with Amount of Claim Undetermined with US Legal Forms, the most considerable library of legitimate file web templates. Use 1000s of specialist and state-specific web templates that satisfy your small business or individual needs and needs.

Form Rating

4.61

Satisfied(314)

Form popularity

FAQ

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.

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.

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

If the obligation or service that was agreed upon in the accord is rendered, then the agreement is considered satisfied. In the case previously mentioned, if Bob does, in fact, give Sally the vehicle in place of the $600 he owed her, he has satisfied the accord.

An accord and satisfaction is a substitute contract for settlement of a debt by some alternative other than full payment. The consideration for an accord is often the resolution of a disputed claim.

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.

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.

What is accord and satisfaction affirmative defense? An accord and satisfaction is an agreement to solve a claim in which the parties to a contract agree on new terms which may be less stringent than the ones in the original contract. The party with a claim usually receives less than what is owed to settle the claim.

Interesting Questions

More info

Al's Resources National defense defense defense Culture history sport Policing justice emergencies Transport infrastructure Canada world Money finances Science innovation Sign here Canada Income Personal income Support payments Amount claim report Answer questions find support payments received paid taxable recipient deductible pay rules that apply your situation depend on whether your court order written agreement made before after April rules court orders written agreements made before Support payments Line Amount eligible dependent Canada Skip main content Skip About government Language selection Français Government Canada Search Menu Main Jobs workplace Immigration citizenship Travel tourism Business industry Benefits Health Taxes Environment Natural resources naturals National defense defense defense Culture history sport Policing justice emergencies Transport infrastructure Canada world Money finances Science innovation Sign here Canada Income Personal income Support payments

South Carolina Agreement for Accord and Satisfaction with Amount of Claim Undetermined

Description

Related forms

Viewed forms

How to fill out South Carolina Agreement For Accord And Satisfaction With Amount Of Claim Undetermined?

Show more info

Form Rating

Form popularity

FAQ

What is an example of accord and satisfaction?

What are the requirements for accord and satisfaction?

What are the three elements of accord and satisfaction?

What is an example of an accord and satisfaction?

What is the consideration for an accord and satisfaction?

What are the elements of accord and satisfaction?

What is a valid accord and satisfaction?

What is accord and satisfaction in contract?

What is defense of accord and satisfaction?

Interesting Questions

What is the Doctrine of Accord and Satisfaction?

Under what conditions can a person use an instrument for Accord and Satisfaction?

Should you accept a payment for less than the full amount owed if it is indicated to be for full payment?

Does accepting a check for less than the full amount owed always mean that the debt is settled in full?

What is the potential outcome of accepting a payment for less than the full amount owed?

More info

Trusted and secure by over 3 million people of the world’s leading companies