Letter of Intent

[suezeeq114]

What is the name of your state (only U.S. law)? NH

If you sned a letter of intent to pay and a check************** it is accepted by the creditor and they cash the checks************** is that, then, considered a contract??

[nrknlknek]

No, it is considerd a payment on the account.

[Chien]

It seems that you’re asking if you send a partial payment in the form of a check for an existing debt and accompany it with a “letter of intent” to pay something (more) on some unspecified terms, does negotiation of the check constitute a binding contract.

If that’s the question, I agree with nrknlknek, but you might want to add more details and see if the answer changes. It sounds as if you’re trying for a novation. If so, novations are governed by the rules for contacts, and you’re not there yet.