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  2. Demand letter - Wikipedia

    en.wikipedia.org/wiki/Demand_letter

    A demand letter, letter of demand, [1] (of payment), or letter before claim, [2] is a letter stating a legal claim (usually drafted by a lawyer) which makes a demand for restitution or performance of some obligation, owing to the recipients' alleged breach of contract, or for a legal wrong.

  3. Can a goodwill letter get late payments removed from your ...

    www.aol.com/finance/goodwill-letters-payments...

    A goodwill letter is a formal letter sent to a creditor, lender or collection agency to request forgiveness for a late payment or other negative item on your credit report. In the letter, you ...

  4. Warrant of payment - Wikipedia

    en.wikipedia.org/wiki/Warrant_of_payment

    In government finance, a warrant is a written order to pay that instructs a federal, state, or county government treasurer to pay the warrant holder on demand or after a specific date. Such warrants look like checks and clear through the banking system like checks, but are not drawn against cleared funds in a checking account (demand deposit ...

  5. Holder in due course - Wikipedia

    en.wikipedia.org/wiki/Holder_in_due_course

    The rights to payment are not subject to set-off, and do not rely on the validity of the underlying contract giving rise to the debt [1] (for example if a cheque was drawn for payment for goods delivered but defective, the drawer is still liable on the cheque).

  6. Lien waiver - Wikipedia

    en.wikipedia.org/wiki/Lien_waiver

    Owners should demand this release when they are paid in full. Some states allow an Unconditional Release upon final payment that is used to induce the final payment. It is an inherent vagary in the lien release law. In the United States, some states only use a conditional waiver on progress payment and an unconditional waiver on final payment.

  7. Accord and satisfaction - Wikipedia

    en.wikipedia.org/wiki/Accord_and_satisfaction

    Pinnel's Case - where the payment of a lesser amount was to be paid before the debt fell due; Hirachand Punumchand v Temple - where the offeree was a 3rd party (the debtor's father) Part performance - related legal concept; Jacob & Young, Inc. v. Kent, 230 N.Y. 239, (N.Y. App. 1921).

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