joe is parked, in a parking lot.
bob pulls up to park next to joe, and his car makes a big scrape / bump on joe's car!
bob says "it's okay, we'll settle cash. how about 100 bucks?"
joe says "okay. i accept your offer. pay up."
so the two are "settled" it seems... but then joe decides to report it to his insurance any ways! what happens now? can bob claim that he already payed the agreed price? how will he prove that he has done so? how is this problem avoided?
Answer by Mushu
It's avoided by Bob getting a signed receipt from Joe that he paid x amount of dollars for the loss.
What do you think? Answer below!
Orignal From: question about accidents, reporting claims, insurance?
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