What is the agreement for and satisfaction?

To reach an and satisfaction, a creditor9 agrees to accept something different from or less than his full claim as satisfaction of the debt. '0 Often a debtor will tender a check payable to a creditor with a notation stating that the check is "payment in full" of the debt, or similar wording."

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Vermont
Agreement for Accord and Satisfaction of Obligation under Stock...

Vermont Agreement for Accord and Satisfaction of Obligation under Stock Purchase Agreement

Category:

Corporations - Public - Stocks

State:

Multi-State

Control #:

US-1340734BG

Format:

Instant download

Description

A stock purchase agreement is an agreement that two parties sign when shares of a company are being bought or sold.

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How to fill out Agreement For Accord And Satisfaction Of Obligation Under Stock Purchase Agreement?

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FAQ

To reach an and satisfaction, a creditor9 agrees to accept something different from or less than his full claim as satisfaction of the debt. '0 Often a debtor will tender a check payable to a creditor with a notation stating that the check is "payment in full" of the debt, or similar wording."

A release is a abandonment of a right, which may be given gratuitously (for free) or for inadequate consideration, while an and satisfaction is the discharge of a debt or claim by the acceptance of some payment which is agreed to constitute full satisfaction Holman v. Simborg, 152 Ill. App.