Sections
21 entriesSection 1485Establishes that an obligation is extinguished when a conforming offer of performance is made with the intent to extinguish that obligation. The…Section 1486Establishes that an offer to perform only part of an obligation has no effect. The tender must therefore cover the required performance…Section 1487Requires an offer of performance to be made by the debtor or by another person acting on the debtor’s behalf and with…Section 1488Requires an offer of performance to be made to the creditor, any one of multiple joint creditors, or a person authorized to…Section 1489Allows a debtor, absent an express contrary provision, to offer performance at a place appointed by the creditor, wherever the proper recipient…Section 1490Requires an offer of performance to be made at the time fixed by the obligation, during reasonable hours, and neither before nor…Section 1491Allows an offer of performance, when the obligation fixes no performance time, to be made at any time before the debtor has…Section 1492Allows a late offer of performance when delay can be exactly and fully compensated and time was not expressly made essential, if…Section 1493Requires an offer of performance to be made in good faith and in the manner most likely, under the circumstances, to benefit…Section 1494Requires an offer of performance to be free of conditions that the creditor is not obligated to perform. A debtor may not…Section 1495Limits the effectiveness of an offer of performance to situations in which the person making the offer is both able and willing…Section 1496Allows a person offering performance to make the offer without actually producing the thing to be delivered unless the offer is accepted.…Section 1497Requires an item offered as performance to remain separable immediately and without difficulty from any other things with which it is mixed.…Section 1498Allows a debtor who is entitled to performance of a condition precedent to, or concurrent with, the debtor’s own performance to make…Section 1499Allows a debtor to require the creditor to provide a written receipt for property delivered in performance of the debtor’s obligation. The…Section 1500Establishes that a money-payment obligation is extinguished when payment is duly offered, the amount is immediately deposited in the creditor’s name with…Section 1501Establishes that a creditor waives objections to the manner of an offer of performance when the creditor had an opportunity to state…Section 1502Establishes that title to a thing duly offered in performance passes to the creditor when, at the time of the offer, the…Section 1503Requires a person offering a nonmoney thing as performance, when treating it as the creditor’s property, to retain it as a depositary…Section 1504Establishes that a duly made offer of payment or other performance stops interest from accruing on the obligation and has the same…Section 1505Establishes that a creditor who refuses property offered as performance need not return it until a demand is made. If the creditor…