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
This Lavelle Law Breakfast Briefs seminar highlighted actionable insights to protect and position your business for success, including: business entity selection; capital structure; key contract terms; and shareholder and operating agreements.
As a result of our efforts, the court reduced our client’s child support arrearage by half because of the mother’s intentional and prolonged refusal to provide her share of transportation costs. The court also ordered the mother to pay a substantial portion of the father’s attorney’s fees.
Anyone going through a divorce in Illinois is required to complete a financial affidavit as part of the legal process. Each spouse completes their own financial affidavit, utilizing all financial records and information available to them. Follow this step-by-step guide to streamline the process and avoid costly errors.
Write-in candidates are a unique feature of Illinois elections. They allow qualified individuals to run for office without appearing on the printed ballot. While this option provides flexibility, it comes with strict procedural requirements under the Illinois Election Code.
On March 13, 2026, the Federal Trade Commission sent warning letters to 97 dealerships nationwide concerning their advertising practices. This article addresses the practical implications of the FTC’s stance on dealer advertising and what dealers need to know to remain in compliance.
The Internal Revenue Service recently announced a new, streamlined way for taxpayers to extend the period of time for the IRS and the IRS Independent Office of Appeals to review a taxpayer’s response to a disallowance of an Employee Retention Credit (“ERC”) claim to avoid refund litigation.
Kerry Lavelle explains how business owners can access tax-deferred money, highlighting two selective strategies for key employees or management: Deferred Compensation Plans and Cash Balance Plans. Both allow business owners and key team members to earn money while deferring taxes.
Losing a job or experiencing a change in employment status can be stressful, particularly when it impacts health insurance coverage. The Consolidated Omnibus Budget Reconciliation Act (“COBRA”) provides a critical safety net by allowing employees and their families to continue employer-sponsored health coverage.
In a contentious probate matter involving a disputed deed to residential property, our client, the administrator of the estate, seeks to recover assets after the deed was recorded by the decedent’s neighbor.
Major life events, shifts in financial status, and changes in the applicable law can all affect your estate plan, and those changes may require you to make some edits to your documents. So, this spring, dust off your estate plan and consider the following 8 circumstances that signal an update is needed.
