(3) If tender of payment of an amount due on an instrument is made to a person entitled to enforce the instrument, the obligation of the obligor to pay interest after the due date on the amount tendered is discharged. (a) Applicability of contract law. ISSN: 0048-1572 How to use tender in a sentence.

b. A tender of payment may save the tendering party from the penalty for nonpayment if the other party refuses the tender without just cause.

§ 3-602. payment. Retrouvez Tender of Payment in Advance - Cash or Check: Business - Uniform Commercial Code (UCC), Legal Forms Book et des millions de livres en stock sur Amazon.fr. Achetez neuf ou d'occasion Tender is the antecedent of consignation, that is, an act preparatory to the consignation, which is the principal, and from which are derived the immediate consequences which the debtor desires or seeks to obtain. § 3-603. tender of payment. 39, no. (b) If tender of payment of an obligation to pay an instrument is made to a person entitled to enforce the … As a adjective tender is sensitive or painful to be touched. tender of payment: Unconditional offer to pay the exact amount to satisfy a debt, in lieu of actual payment. Tender of payment, when made from the primarily liable party to the holder of the negotiable instrument, will discharge all debt from all parties involved if that payment is made in full, regardless of whether or not the holder accepts payment. (1) If tender of payment of an obligation to pay an instrument is made to a person entitled to enforce the instrument, the effect of tender is governed by principles of law applicable to tender of payment under a simple contract. As nouns the difference between payment and tender is that payment is (uncountable) the act of paying while tender is (obsolete) regard; care; kind concern or tender can be (obsolete) someone who tends or waits on someone or tender can be a means of payment such as a check or cheque, cash or credit card.

4 (1978), 833-854. A seldom-used tactic in litigation is the “tender” of payment by a defendant of an amount which is believed to be due to the plaintiff. Tender of payment. Type: Article. Retrouvez Tender of Payment - Receipt of Goods as Condition of Payment: Corporations - Uniform Commercial Code (UCC), Legal Forms Book et des millions de livres en stock sur Amazon.fr.

Tender is the antecedent of consignation, that is, an act preparatory to the consignation, which is the principal, and from which are derived the immediate consequences which the debtor desires or seeks to obtain. instrument is made to a person entitled to enforce the instrument, the effect of tender is governed by principles of law applicable to tender of payment under a simple contract.

2013 New Jersey Revised Statutes Title 12A - COMMERCIAL TRANSACTIONS Section 12A:3-603 - Tender of payment. part 6. discharge and payment primary tabs. As a adjective tender is

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