Thread: Ikano offer me 50% (again) - MCOL?

Quote:
Originally Posted by BankFodder
If they have offered you 50% then you are obliged to accept it because you have a duty to mitigate your loss. However in your acceptance letter you must make it clear that you are accepting it only as a part payment . If they reject that, then go ahead and sue for the lot. If they admit a responsibility of 50% then they are obliged to pay that and simply defend on the remainder because they also have a responsibility to mitigate their own loss.

Thanks for that BF. This is the second time I am going after Ikano, the first was 3 years ago (not sure why it's all lumped together with old threads?) and I'm sure that last time I filled in a MCOL against Ikano as soon as they offered me just 50%. I don't remember anything about mitigating losses. So do I write and say I'll take the 50%, thank you very much, but if you don't pay up the second 50% I'll take you to court?
I don't really understand......sorry!!!: confused:

That's basically it. Write and say that you accept the 50% as a partial settlement only and that you will contine with your court case for the rest (forget about mitigating losses - that is technical stuff and you don't need to refer to it. Just don't turn down the 50%)