New Jersey § 12a:3-311

§ 12a:3-311.

a. If a person against whom a claim is asserted proves that that person in good faith

tendered an instrument to the claimant as full satisfaction of the claim, the amount

of the claim was unliquidated or subject to a bona fide dispute, and the claimant

obtained payment of the instrument, the following subsections shall apply. b. Unless subsection c. of this section applies, the claim is discharged if the person

against whom the claim is asserted proves that the instrument or an accompanying written

communication contained a conspicuous statement to the effect that the instrument

was tendered as full satisfaction of the claim. c. Subject to subsection d. of this section, a claim is not discharged under subsection

b. of this section if either of the following applies: (1) The claimant, if an organization, proves that within a reasonable time before

the tender, the claimant sent a conspicuous statement to the person against whom the

claim is asserted that communications concerning disputed debts, including an instrument

tendered as full satisfaction of a debt, are to be sent to a designated person, office,

or place, and the instrument or accompanying communication was not received by that

designated person, office, or place. (2) The claimant, whether or not an organization, proves that within 90 days after

payment of the instrument, the claimant tendered repayment of the amount of the instrument

to the person against whom the claim is asserted. This paragraph does not apply if the claimant is an organization that sent a statement

complying with paragraph (1) of this subsection c. d. A claim is discharged if the person against whom the claim is asserted proves that

within a reasonable time before collection of the instrument was initiated, the claimant,

or an agent of the claimant having direct responsibility with respect to the disputed

obligation, knew that the instrument was tendered in full satisfaction of the claim.