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Accord and Satisfaction of the ClaimUS JudgmentsLawCaseMine Form

Accord and Satisfaction of the ClaimUS JudgmentsLawCaseMine Form

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generally speaking and satisfaction is a legal concept whereby parties agree to settle a debt or obligation through the acceptance of substitute performance or a different form of payment in certain circumstances article 3 allows negotiable instruments to be used to achieve and satisfaction a negotiable instrument can be used to achieve and satisfaction if a person against whom a claim is asserted Tenders in good faith an instrument to the claim in full satisfaction of an unliquidated or disputed claim and the claimant receives payment on the instrument if all these requirements are satisfied the claim will be fully discharged let's use an example to illustrate each of these requirements imagine that a law student entered a contract with a dating service to help her find the love of her life the party's contract stated that the dating service would charge clients a reasonable fee for services rendered the dating service profer three men for the law students consideratio

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