Before 2008, association attorneys were understandably concerned about accepting partial payments with a restrictive endorsement (where the owner wrote “payment in full” on the check.) Doing so might bar associations from demanding full payment, where the partial payment was not, in fact, payment in full. This is called “accord and satisfaction.” Read more……..
Related Post
August 14, 2018
October 22, 2018
December 11, 2020
Comments are closed.