Legal Question in Consumer Law in Georgia
paid in full/check memo
if you put Paid in Full on your check memo and it is cashed, is that legally binding?
Or you make a full payment but have some late charges but put ''May payment, pd in full--current'', is that binding?
Asked on 7/11/05, 10:15 pm
1 Answer from Attorneys
Scott Riddle
Law Office of Scott B. Riddle, LLC
Re: paid in full/check memo
No, merely writing those memos on the check does not relieve you of your obligations, though many people mistakenly believe that is the case. There are cases where it does constitute a binding agreement, but it generally involves the other party accepting payment in full after a dispute.
Answered on 7/11/05, 10:53 pm
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