Quote:
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Originally Posted by logos
folks,
What you seek, the codification of the principle "payment refused is debt forgiven," can be found as your state's enactment of UCC § 3-603(b).
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This applies
ONLY to paying off
negotiable instruments, nothing else,
specifically a promissory note, not debts in general, also still subject to payment terms of the note which usually specify what is acceptable payment.