Jump to content

UCC 3-311 / Accord & Satisfaction

Recommended Posts

Yes, it's certainly possible to do that, but a restrictive endorsement will only be valid under certain circumstances. Since the UCC is not a federal law, each state has its own version and you'll want to check the Louisana Code (in your case) for the specifics.

Link to comment
Share on other sites

Guest E. Normis Debtor
Has anyone settled a debt by sending a check marked "In Full Satisfaction of a disputed debt" and "endorsement constitutes full settlement" to a credit card company.

The UCC for your state would not generally be applicable to repayment of a loan. It's application is usually limited to contracts for the sale of goods.

Though your state may of other statutes that relate to your question.

Here is a similar question and answer.

Link to comment
Share on other sites

This topic is now closed to further replies.

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.