A Party Liable on an Instrument Who Makes Proper Tender

question 40

True/False

A party liable on an instrument who makes proper tender of full payment to a person entitled to enforce the instrument is discharged from liability for the face amount of the instrument and for any interest accrued even if the tender is refused.

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Definitions:

Point-of-Purchase

The place or moment at which a transaction occurs, often used in marketing to refer to the physical or digital location where a product is bought.

ABC Model

The ABC model is a framework in psychology that describes the relationships between antecedents, behaviors, and consequences, often used in cognitive-behavioral therapy.

Attitude Object

Any entity that is capable of being evaluated or judged, and towards which an attitude is held, ranging from physical objects and people to ideas and policies.

Behaviour

Actions or reactions of an individual or group in response to external or internal stimuli.