Texas  |  Credit and Debt Law

Legal Question

Asked on: 5/22/03, 1:12 am

Settlement of Debt

A = Creditor

B = Debtor

''A'' submits a request for payment of ''X'' dollars.

''B'' rejects the amount, claiming that only ''X'' minus ''Y''

dollars is the amount owed.

If ''B'' sends ''A'' a check for ''X minus Y'' dollars with a statement ''Acceptance of this check is acceptance as payment in full'' and the check is cashed, is the debt paid?

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