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.

---

Definitions:

Flat Rate

A pricing strategy where a single fixed fee is charged for a service, regardless of usage or time.

Stand-alone PCs

Personal computers designed to operate independently without requiring a connection to a network or other external devices.

Cloud Computing

The delivery of different services through the Internet, including data storage, servers, databases, networking, and software.

IT Infrastructure

The combined set of hardware, software, networks, facilities, and service components required to operate and manage IT environments.