US Legal Forms
Localized Forms
New York
Queens
Agreement for Accord and Satisfaction with Amount of Claim...

Queens New York Agreement for Accord and Satisfaction with Amount of Claim Undetermined

Name: Queens New York 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

County:

Queens

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.

Ratification Agreement (Right of Way)

View this form

Sample Business Plan Template

View this form

Capital Markets Mortgage

View this form

How to fill out Queens New York Agreement For Accord And Satisfaction With Amount Of Claim Undetermined?

If you need to find a reliable legal form supplier to obtain the Queens Agreement for Accord and Satisfaction with Amount of Claim Undetermined, consider US Legal Forms. Whether you need to launch your LLC business or take care of your belongings distribution, we got you covered. You don't need to be knowledgeable about in law to locate and download the needed template.

You can browse from over 85,000 forms categorized by state/county and situation.
The intuitive interface, number of supporting resources, and dedicated support team make it simple to locate and complete different documents.
US Legal Forms is a reliable service offering legal forms to millions of customers since 1997.

Simply select to search or browse Queens Agreement for Accord and Satisfaction with Amount of Claim Undetermined, either by a keyword or by the state/county the document is created for. After finding the needed template, you can log in and download it or retain it in the My Forms tab.

Don't have an account? It's easy to get started! Simply find the Queens Agreement for Accord and Satisfaction with Amount of Claim Undetermined template and check the form's preview and short introductory information (if available). If you're confident about the template’s legalese, go ahead and hit Buy now. Register an account and select a subscription option. The template will be immediately available for download as soon as the payment is processed. Now you can complete the form.

Handling your legal matters doesn’t have to be expensive or time-consuming. US Legal Forms is here to demonstrate it. Our extensive collection of legal forms makes this experience less costly and more reasonably priced. Set up your first business, organize your advance care planning, draft a real estate agreement, or execute the Queens Agreement for Accord and Satisfaction with Amount of Claim Undetermined - all from the comfort of your home.

Join US Legal Forms now!

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.

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

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.

Under Texas common law, the affirmative defense of accord and satisfaction is based on an express or. implied contract under which the parties agree to discharge an existing obligation by means of a lesser. payment that is tendered and accepted.

Usually, accord and satisfaction deals with a debtor's offer of payment and a creditor's acceptance of a lesser amount than the creditor originally claimed to be owed. It is a method of discharging a claim by settlement of the claim and performing the new agreement.

The accord is the agreement on the new terms of the contract, and the satisfaction is the performance of those terms according to the agreement. When there is an accord and satisfaction, and the performance (or satisfaction) has been executed, all prior claims relating to the matter are extinguished.

More info

Brennan J. in the same case said at p. ARBITRALES. General Claims Commission (Agreement of Sept.8, 1923)(United Mexican. The Queen, 1898 CanLII 74 (SCC), 28 SCR 273 on CanLII. Queen in Right of the Province of British Columbia, the Attorney General of. Canada, and British Columbia Hydro and Power Authority, filed in the BC. Of all Act passed in the Sixth Year of the Reign of King George the t 6.1. c. t.

Queens New York Agreement for Accord and Satisfaction with Amount of Claim Undetermined

Description

Related forms

Viewed forms

How to fill out Queens New York Agreement For Accord And Satisfaction With Amount Of Claim Undetermined?

Show more info

Form Rating

Form popularity

FAQ

What is an example of an accord and satisfaction?

What must be in dispute for an accord and satisfaction?

What does it mean when a contract is discharged by accord and satisfaction?

What is the doctrine of accord and satisfaction?

What is accord and satisfaction in Texas?

What are the three elements of accord and satisfaction?

How is a disputed amount settled by accord and satisfaction?

What is the Accord in an accord and satisfaction under contract law?

What is the difference between accord and satisfaction?

More info

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