"Becky owes Barney the undisputed amount of $300,000. On her next monthly payment for $2000...
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Accounting
"Becky owes Barney the undisputed amount of $300,000. On her next monthly payment for $2000 she writes PAYMENT IN FULL FOR ALL DEBT conspicuously on the face of the check. If Barney cashes the check will the balance of the debt be discharged?"
"Yes, because the check was tendered to pay off the entire debt and the words paid in full were conspicuously written on the check"
No. PAID IN FULL can never be used to unilaterally settle a debt
No. The amount of the debt was not disputed
Yes. Barney did not dispute the check within 90 days.
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