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Property Damage Release Form question

Discussion in 'Auto Accidents, Injuries' started by justanotherpost, May 8, 2012.

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  1. justanotherpost

    justanotherpost Law Topic Starter New Member

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    I am concerned with the following phrase on the release form rec'd by the at fault drivers Ins. Co. Appears to be a standard release but "receipt of which is hereby acknowledged" bothers Me, because I am *not in receipt* of the pmt. I am told Pmt. will be released *After* I sign this release...so this language bothers Me..Thoughts , advice appreciated~
     
  2. mightymoose

    mightymoose Moderator

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    Does the rest if the document indicate when/how payment is to be received?
    If not, call them and negotiate an agreement with terms you accept. If they do not cooperate it will cost them more to go to court and end paying the same or more.
     
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  3. justanotherpost

    justanotherpost Law Topic Starter New Member

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    Hi & Thank- you For responding..The Release has no language with reference to pmt. "to be sent" "will Be sent" etc. However I have an e-mail from the insurance co. stating that once the release is signed and returned, they will "issue Pmt. Immediately" for the agreed upon amt. The release was sent to Me PDF via e-mail.
     
  4. army judge

    army judge Super Moderator

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    Unless you're in a hurry for payment, you might want to discuss this with a lwyer.

    Otherwise, the term seems to refer to receiving the correspondence, not payment.

    But, if you have doubts, don't sign anything or agree to anything.

    It isn't wise to agree to things you don't FULLY understand.
     
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  5. justanotherpost

    justanotherpost Law Topic Starter New Member

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    Thank-you Army Judge. The language is "For the consideration of $------,receipt of which is hereby acknowledged, I/we release and discharge...
     
  6. justanotherpost

    justanotherpost Law Topic Starter New Member

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  7. Michael Wechsler

    Michael Wechsler Administrator Staff Member

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    I see a smiley face. Congrats. :)
     

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