Legal Question in Consumer Law in Wisconsin

notation written on a check for payment

We are home builders - our payment from our building client indicated in the memo section ''preserve all objections'' - what does this mean? please


Asked on 11/14/08, 5:34 pm

1 Answer from Attorneys

JAY Nixon nixon law offices

Accord and Satisfaction; Notation Written on Memo Section of Check for Payment of Contractor

WI recognizes the doctrine of "accord and satisfaction," which tends to release any counterclaims the payor may have against the payee under certain conditions. One such condition can occur if the check is clearly intended as a final settlement of the relationship between the parties. I have no idea of what this homeowner intended by this notation, but preservation of possible counterclaims against you might be a reasonable guess. You should consult with your own attorney in this matter since my comments are not intended as legal advice.

Read more
Answered on 11/17/08, 10:53 am


Related Questions & Answers

More Consumer Law questions and answers in Wisconsin