If Kyoko Makes a Proper Tender of the Full Payment

question 85

True/False

If Kyoko makes a proper tender of the full payment of $1,000 due on Patrick's note on the note's due date, but Patrick improperly refuses to accept the money, any endorsers are discharged from liability.

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Definitions:

Product Liability

The legal responsibility that manufacturers or sellers have to compensate for harm caused by defective or dangerous products.

Tort Law

A segment of law that addresses, rectifies, and provides remedies for civil wrongs not arising out of contractual obligations.

Privity of Contract

The relationship between parties in a contract that confers rights and obligations.

Individual

Referring to a single human being as distinct from a group, class, or family.