Legal Question in Business Law in California
payments
We own a small business. A client sent a money order that was cashed. On the mo it stated that when cashed account was paid in full and closed. There is a $300 balance left
Asked on 2/13/09, 1:18 pm
2 Answers from Attorneys
Adam Telanoff
Telanoff & Telanoff
Re: payments
I assumed that you want to know whether you can go after the remaining $300.
The question is whether the $3,000 represents an "Accord and Satisfaction" of the debt. The basic answer is that in order for the partial payment to extinguish the debt there needs to be a bona fide (real) dispute as to the amount due.
This is a general statement of the law to help you look up the law related to your situation, and is not advice as to any action that you should take.
Answered on 2/13/09, 2:34 pm
Terry A. Nelson
Nelson & Lawless
Re: payments
Nice try. Demand the balance and sue them if you don't get it.
Answered on 2/13/09, 2:58 pm
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