Have you actually read the case? I have!
What I think you are thinking about are accepted partial payments. If a
creditor accepts a partial payment the clock starts over as far as
legal action goes. A creditor does not have to accept a partial payment.
He does have to accept payment in full. He does not have to accept your
check, credit card, IPU, etc. He does have to accept cash. However a
contract spelling out something different signed by both parties can
modify all this as it is civil not criminal law.
graywolf
http://www.graywolfphoto.com
http://webpages.charter.net/graywolf
"Idiot Proof" <==> "Expert Proof"
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John Francis wrote:
[Oh, look - the old "Legal Tender" mare's nest crops up here.]
No it doesn't - the debt still stands. What you are protected
from, though, is any additional penalties that would otherwise
accrue from a failure to pay.
