Search results
Results from the WOW.Com Content Network
There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt. It is generally only mandatory to recognize the payment of legal tender in the discharge of a monetary debt from a debtor to a creditor. [ 2 ]
Accord and satisfaction. Accord and satisfaction is a contract law concept about the purchase of the release from a debt obligation. It is one of the methods by which parties to a contract may terminate their agreement. The release is completed by the transfer of valuable consideration that must not be the actual performance of the obligation ...
UCC-1 financing statement. A UCC-1 financing statement (an abbreviation for Uniform Commercial Code -1) is a United States legal form that a creditor files to give notice that it has or may have an interest in the personal property of a debtor (a person who owes a debt to the creditor as typically specified in the agreement creating the debt).
delay of the one receiving Delay in payment or performance on the part of the creditor or obligor. Also known as mora creditoris. mora solvendi: delay of the one paying Delay in payment or performance on the part of the debtor or the obligee. Also known as mora debitoris. 2 forms: mora solvendi ex re - delay in giving or delivering a thing;
Mortgage deferment is one option to handle repaying the payments you skip while your mortgage is in forbearance. It refers to an agreement between the lender and the borrower to add the overdue ...
In the U.S. legal system, service of process is the procedure by which a party to a lawsuit gives an appropriate notice of initial legal action to another party (such as a defendant), court, or administrative body in an effort to exercise jurisdiction over that person so as to force that person to respond to the proceeding before the court, body, or other tribunal.
If you use a different payment type, such as cash or debit card though (or even a different credit card to pay your bill than the one that has the initial hold on it), it could take a while for ...
1. File a Fraud Alert. When it comes to fraud, vigilance is important. Chris Borkenhagen, chief information security officer at AuthenticID, advised filing a fraud alert with one of the major ...