Legal Question in Credit and Debt Law in Alaska
If I cash a check that says payment in full on it is it binding?
Asked on 6/06/11, 10:42 pm
1 Answer from Attorneys
Terrence Thorgaard
Thorgaard Law Firm
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.
Answered on 6/07/11, 6:21 am