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.
Nassau New York Notice Accompanying Check Tendered in Settlement of Disputed Claim serves as an official document that provides important information and instructions regarding the settlement of a disputed claim in Nassau, New York. Whether you are a resident, business owner, or a party involved in a legal dispute, understanding the components of this notice is crucial in comprehending the resolution process. This notice is typically sent by the concerned party, such as an insurance company, legal counselor, or mediator, to the claimant as a means of officially offering a settlement in order to resolve the claim discrepancy. The notice includes specific instructions on how to proceed with the settlement, the terms and conditions, as well as the amount of the settlement check being tendered. The Nassau New York Notice Accompanying Check Tendered in Settlement of Disputed Claim, although implemented for various types of claims, can be broadly categorized into different instances including personal injury claims, property damage claims, insurance claims, auto accident claims, and medical malpractice claims. Each of these instances may have specific details and requirements outlined in the notice to ensure a fair and amicable resolution process for all parties involved. Keywords: Nassau New York, notice, accompanying, check, tendered, settlement, disputed claim, resident, business owner, legal dispute, claim discrepancy, insurance company, legal counselor, mediator, settlement process, terms and conditions, settlement check, personal injury claims, property damage claims, insurance claims, auto accident claims, medical malpractice claims.Nassau New York Notice Accompanying Check Tendered in Settlement of Disputed Claim serves as an official document that provides important information and instructions regarding the settlement of a disputed claim in Nassau, New York. Whether you are a resident, business owner, or a party involved in a legal dispute, understanding the components of this notice is crucial in comprehending the resolution process. This notice is typically sent by the concerned party, such as an insurance company, legal counselor, or mediator, to the claimant as a means of officially offering a settlement in order to resolve the claim discrepancy. The notice includes specific instructions on how to proceed with the settlement, the terms and conditions, as well as the amount of the settlement check being tendered. The Nassau New York Notice Accompanying Check Tendered in Settlement of Disputed Claim, although implemented for various types of claims, can be broadly categorized into different instances including personal injury claims, property damage claims, insurance claims, auto accident claims, and medical malpractice claims. Each of these instances may have specific details and requirements outlined in the notice to ensure a fair and amicable resolution process for all parties involved. Keywords: Nassau New York, notice, accompanying, check, tendered, settlement, disputed claim, resident, business owner, legal dispute, claim discrepancy, insurance company, legal counselor, mediator, settlement process, terms and conditions, settlement check, personal injury claims, property damage claims, insurance claims, auto accident claims, medical malpractice claims.
