New York Statutes
§ 3-604 — Tender of Payment
Section 3--604. Tender of Payment.\n (1) Any party making tender of full payment to a holder when or after\nit is due is discharged to the extent of all subsequent liability for\ninterest, costs and attorney's fees.\n (2) The holder's refusal of such tender wholly discharges any party\nwho has a right of recourse against the party making the tender.\n (3) Where the maker or acceptor of an instrument payable otherwise\nthan on demand is able and ready to pay at every place of payment\nspecified in the instrument when it is due, it is equivalent to tender.\n
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Related
United States v. Eastern Air Lines, Inc., Glens Falls Insurance Company, Byron May, as President of Associated Aviation Underwriters
366 F.2d 316 (Second Circuit, 1966)
Nearby Sections
15
§ 3-101
Short Title§ 3-106
Sum Certain§ 3-107
Money§ 3-108
Payable on Demand§ 3-109
Definite Time§ 3-110
Payable to Order§ 3-111
Payable to Bearer§ 3-113
Seal§ 3-114
Date, Antedating, Postdating§ 3-115
Incomplete Instruments