Friday, 23 January 2015

If I cash a check that says payment in full on it is it binding?

Question

If I cash a check that says payment in full on it is it binding?



Answer

Maybe, maybe not.

If there was a disagreement about how much is due, and the check is accepted in agreement with the drawer's position as to the amount due. the drawer (person who wrote the check) could later contend that there was an accord and satisfaction.



No comments:

Post a Comment