ACCORD AND SATISFACTION
Jennifer Burt Tee • May 3, 2017
What happens when two parties dispute an amount due and the debtor tenders a check to the creditor which states that the check constitutes full satisfaction of the debt and the payee cashes the check with the limiting language? Attorney Jennifer Burt Tee answers this question and others regarding “Accord and Satisfaction.”
- accord
- satisfaction
- Payment
- check
- creditor
- debtor
- contract
- settlement
- debt
More News & Resources
Lavelle Law News and Events
Thinking about using AI to represent yourself in litigation? Think again. It is well-documented that pro se litigants are less likely to prevail compared to their represented counterparts. Regardless, AI has provided people with a false sense of security, tempting them to represent themselves regardless.
Representations and warranties insurance (“RWI”) for mergers and acquisitions (“M&A”) is more accessible than ever due to increasing democratization in the market. Now, RWI can be a viable option for smaller, mid-market deals.
On July 8, 2026, the Internal Revenue Service announced a new automatic process to provide penalty relief for taxpayers with a history of filing and paying on time, reducing the need for those taxpayers to request assistance in addressing penalty relief.
High-profile couples like Taylor Swift and Travis Kelce are taking strict steps to protect their privacy. Reports confirm that wedding guests must sign non-disclosure agreements (NDAs) before receiving event details. This highlights how NDAs help individuals and businesses safeguard sensitive information.
For many businesses, the commercial lease is the largest single expense each year. But are you actually getting the best deal, or are you unknowingly paying for hidden costs? In this Lavelle Law Minute, Attorney Ted McGinn breaks down the two most common commercial leases: Gross Leases and Net Leases.
Cubs Hall of Famer Ryne Sandberg, affectionately known as “Ryno,” is forever remembered for his legendary “Sandberg Game.” Sadly, his death last July has since triggered a bitter family dispute, with his children now suing his widow, Margaret Sandberg, over alleged violations of his trust.
This transaction highlights Lavelle Law’s deep expertise in managing complex commercial real estate deals in Chicago’s dynamic market, delivering efficient, client-focused outcomes even under accelerated timelines.
The U.S. Supreme Court issued a unanimous ruling on June 4, 2026, in Sripetch v. Sec. & Exch. Comm’n, clarifying a significant question in securities enforcement. The Securities and Exchange Commission (SEC) does not need to identify victims who suffered actual financial harm to pursue disgorgement of ill-gotten gains.
On June 4, 2026, the Internal Revenue Service announced a series of hiring events to take place across the country through the end of July 2026. The events are aimed at recruiting individuals for key seasonal roles, including customer service representatives and tax examining technicians.
Before you print a single petition or launch a campaign website, the first and most important question is this: Am I eligible to run for this office? In Illinois, failing to meet the basic eligibility requirements can disqualify a candidate before the race even begins. Understand the rules upfront.
