Legal Question in Credit and Debt Law in Georgia

Paid in Full on a Credit Card

We were instructed by our lender to put ''endorsement of this check constitues payment in full of all disputed debts.'' We were a little nervous about this. We did do it and they deposited it. Can they legally do anything to us? Since a check is a legal binding agreement is this acceptable?


Asked on 4/03/03, 9:50 am

1 Answer from Attorneys
Phillip A. Strickland Law Offices

Re: Paid in Full on a Credit Card

You are asking about a doctrine called "accord and satifaction" in contract law. The law on this matter is more complex than you assume by your question and I would need further facts to advise you. Good luck.

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Answered on 4/03/03, 11:57 pm


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