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Business Bank Accounts: How Safe is Your Money? Raleigh Law Firm

A growing number of businesses are using online banking and mobile banking is gaining in popularity.  However, most business owners are not aware that, unlike consumer accounts, business bank accounts are afforded little to no legislatively mandated fraud liability protection.  Although, some banks offer zero liability fraud protection for their business customers, that protection is not mandatory and may be subject to terms and conditions.  Furthermore, business accounts are a …Read More

Cashing a Customer’s Check: What Creditors Need to Know about Accord and Satisfaction

The debtor’s mere refusal to pay the full claim does not make it a disputed claim.

−Cashing a Customer’s Check: What Creditors Need to Know about Accord and Satisfaction

You have billed a customer for amounts past due on an open account.  After a few invoices and requests for payment have been ignored, you receive a check for a lesser amount than what is owed.  You notice that on the memo line of the check is the following notice: “Paid in Full — All Claims Satisfied.”  What do you do?  Should you keep the check, knowing that it may …Read More

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