When does a release become "good"?

A release becomes "good" when the settlement check is cashed because this step signifies the final acceptance and execution of the terms agreed upon in the settlement. Cashing the check indicates that the party has satisfied the conditions of the release and has taken the necessary action to formally conclude the matter, effectively finalizing the settlement.

Until the settlement check is cashed, the release may still be subject to disputes or reconsiderations, as parties might have second thoughts or new developments could arise. Cashing the check not only acts as a physical confirmation of receipt but also evidences the party's acceptance of the settlement terms, reinforcing the idea that the claim has been settled and the responsibilities therein fulfilled.

While the other scenarios may involve critical actions such as court approvals, completing negotiations, or signing an agreement, they do not provide the definitive resolution that cashing the check does. Until that action is taken, the release may not hold the same finality or legal strength that cashing the check ensures.