Agreement Satisfaction With Judgment In Nevada

State:
Multi-State
Control #:
US-00436BG
Format:
Word; 
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Description

Accord and satisfaction is a method of discharging a claim whereby the parties agree to give and accept something in settlement of the claim and perform the agreement. Accord is the agreement and satisfaction is its execution or performance.


A contract is usually discharged by performance of the terms of the agreement. However, the parties may agree to a different performance. This is called an accord. When the accord is performed, this is called an accord and satisfaction. The original obligation is discharged.


In order for there to be an accord and satisfaction, there must be

(1) a bona fide dispute;

(2) an agreement to settle the dispute; and

(3) the performance of the agreement.


A settlement in which one party promises to forego an undisputed, liquidated claim in exchange for a promise to perform, or the performance of, a pre-existing duty will not be held to be enforceable by many courts, because of the absence of consideration. However, the promise to perform, or the performance of, anything slightly different from the pre-existing duty is sufficient consideration to support a promise to forego the claim. When a claim is disputed in good faith, or when an undisputed claim is unliquidated (the amount owed has not been determined), a settlement of such a claim is clearly enforceable.

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FAQ

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In Nevada, a judgment will expire within six years from the date it is entered. NRS 17.214 provides the process to renew a judgment. To renew a judgment the judgment creditor must file a Declaration for Renewal of Judgment with the Clerk of the Court where the judgment was entered.

CCJ stands for county court judgement and you can only get one if the lender takes you to court.

How to Write a Letter of Customer Satisfaction? Step 1: Start with a Personalized Greeting. Step 2: Express Your Appreciation. Step 3: Explain the Purpose of the Letter. Step 4: Share Specific Details of the Customer's Experience. Step 5: Address Any Issues or Concerns. Step 6: Offer Solutions or Compensation.

Letter of Satisfaction means a letter signed by the Purchaser confirming that the Purchaser is satisfied with the condition of the Section, as contemplated in 5.2.6; Sample 1Sample 2.

P. 68(d). Nevada Rule of Civil Procedure (NRCP) 68, provides that any party may serve an offer of judgment at least 10 days before trial. 1 An offer not accepted within 10 days is deemed rejected and withdrawn.

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Agreement Satisfaction With Judgment In Nevada