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.
Columbus Ohio Letter Tendering Payment in Order to Settle a Disputed Claim
Category:
State:
Multi-State
City:
Columbus
Control #:
US-01257BG
Format:
Word;
Rich Text
Instant download
