New Jersey § 12a:3-603
Full text of New Jersey New Jersey Statutes § 12a:3-603, with citation guidance and answers to common questions.
§ 12a:3-603.
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.
Frequently Asked Questions About New Jersey § 12a:3-603
What does New Jersey Statutes § 12a:3-603 cover?
Section 12a:3-603 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 12a:3-603?
A common citation format is "New Jersey Statutes § 12a:3-603" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:3-603 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.