Logourl black

Discharge for Value Rule


A creditor is entitled to retain funds mistakenly paid by a third party to satisfy a debt as long as the creditor did not make a misrepresentation or have notice of the transferor’s mistake.

Related Rules [?]

The related rules section is for members only and includes a compilation of all the rules of law in Quimbee's database relating to this key term.

To access the related rules, please start your free trial or log in.