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Articles Posted in Tag: California Contract Law

What Are Escrow Instructions? (Fin. Code § 17003)
Underwood Law Firm, P.C.

Introduction What are escrow instructions? They are the written directions that tell a neutral escrow holder exactly what must happen before a California real estate sale can close. Escrow is more than a place where money and documents are held until a real estate sale closes. In California, escrow is a legal arrangement created...

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What Is Accord and Satisfaction? (Civ. Code §§ 1521–1526)
Underwood Law Firm, P.C.

Accord and satisfaction is a California contract law doctrine that lets two parties resolve a disputed debt or obligation by agreeing to a substitute performance (something different from or less than what was originally owed) that fully settles the claim once accepted. It's commonly used to close out disputed debts, reimbursement claims, and negotiated...

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