Checks Marked “Payment in Full”
A TowLawyer subscriber called last week about an insurance check he had received as payment for a tractor-trailer roll-over recovery. Before he received the check, he and the insurance company had been engaged in a running dispute about the amount of the invoice. The insurance company sent the towing company a check in the amount that it considered to be reasonable for the recovery services provided. The check was thousands of dollars less than the invoice amount. On the back of the check, at the bottom of the endorsement box, the following words were printed in bold type: “ACCEPTED AS PAYMENT IN FULL.”