Nevada Code § 104.3311

Accord and satisfaction by use of instrument
Open in Lexace · Ask the AI about this section
1. If a person against whom a claim is
asserted proves that he or she in good faith tendered an instrument to the
claimant as full satisfaction of the claim, the amount of the claim was
unliquidated or subject to a bona fide dispute, and the claimant obtained
payment of the instrument, subsections 2, 3 and 4 apply.
2. Unless subsection 3 applies, the claim
is discharged if the person against whom the claim is asserted proves that the
instrument or an accompanying written communication contained a conspicuous
statement to the effect that the instrument was tendered as full satisfaction
of the claim.
3. Except as otherwise provided in
subsection 4, a claim is not discharged under subsection 2 if either of the
following applies:
(a) The claimant, if an organization, proves
that:
(1) Within a reasonable time before the
tender, the claimant sent a conspicuous statement to the person against whom
the claim is asserted that communications concerning disputed debts, including
an instrument tendered as full satisfaction of a debt, are to be sent to a
designated person, office or place; and
(2) The instrument or accompanying
communication was not received by that designated person, office or place.
(b) The claimant, whether or not an organization,
proves that within 90 days after payment of the instrument, the claimant
tendered repayment of the amount of the instrument to the person against whom
the claim is asserted. This paragraph does not apply if the claimant is an
organization that sent a statement complying with subparagraph (1) of paragraph
(a).
4. A claim is discharged if the person against
whom the claim is asserted proves that within a reasonable time before
collection of the instrument was initiated, the claimant, or an agent of the
claimant having direct responsibility with respect to the disputed obligation,
knew that the instrument was tendered in full satisfaction of the claim.

‹ Prev All Nevada sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.