Bookmark and Share
Previous article

News Articles

  • If you must use the UCC – Here is The Key to Settle Anything
  • 18/04/2017 Make a Comment
  • Contributed by: Anthony ( 1 article in 2017 )
3-603. TENDER OF PAYMENT with an Offer to Pay is The Key

(a) 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.

(b) If tender of payment of an obligation to pay an instrument is made to a person entitled to enforce the instrument and the tender is refused, there is discharge, to the extent of the amount of the tender, of the obligation of an indorser or accommodation party having a right of recourse with respect to the obligation to which the tender relates.

(c) 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. If presentment is required with respect to an instrument and the obligor is able and ready to pay on the due date at every place of payment stated in the instrument, the obligor is deemed to have made tender of payment on the due date to the person entitled to enforce the instrument.

Why not make an offer to pay AND include certified funds (example $50)?

Then they must return it or accept it. Either way you can force them to prove their claim and standing. More to come. Put the burden of proof on them.

Source: https://www.youarelaw.org/if-you-must-use-the-ucc-here-is-the-key-to-settle-anything/


     2+1= 
    (Note: If wrong - comments will not be posted)
    Footnotes:

    1Will not be visible to public.
    2Receive notification of other comments posted for this article. To cease notification after having posted click here.
    3To make a link clickable in the comments box enclose in link tags - ie.<link>Link</link>.

    To further have your say, head to our forum Click Here

    To contribute a news article Click Here

    To view or contribute a Quote Click Here

    Hosting & Support by WebPal© 2019 f4joz.com All rights reserved.