Legal Question in Credit and Debt Law in Minnesota
payment of legal debt
e.g. if an individual owes you $1000.00, and he writes a check for $925.00, should you cash the check while pursuing the remainder, or not cash check?
Asked on 12/03/08, 3:26 pm
1 Answer from Attorneys
Sam Calvert
Calvert Law Office
Re: payment of legal debt
What, 92.5% of the debt isn't enough?
It depends on whether the check is tendered as "payment in full"; if it does, the payer will have a claim that it was a compromise of a disputed amount and settled the claim. If it just a check, with no cover letter, nothing on the check itself, no special endorsement on the back, cash it.
Answered on 12/03/08, 5:36 pm
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