About this document
12A3-603 Tender of Payment by montherpup is a document available to read on EtoBox.
N.J.S.A. 12A:3-603 outlines the rules regarding the tender of payment for negotiable instruments in New Jersey. It states that if payment is tendered to a person entitled to enforce the instrument and is refused, the obligation of any indorser or accommodation party is discharged to the extent of the tendered amount. Additionally, if payment is made on the due date, the obligor is not liable for interest on the amount tendered.
- Author
- montherpup
- Language
- EN