To obtain a loan, Nero signs a note payable to Opie. Opie indorses the note and sells it to Payday Capital, which in turn indorses the note and negotiates it to Quality Investments. Nero tenders a partial payment on the note, which Quality refuses. Discharged to the extent of the tender is

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When Nero tenders a partial payment, the obligation is discharged to the extent of the tender for all parties who indorsed the note before the tender, which includes Opie and Payday Capital.

To Obtain a Loan, Nero Signs a Note Payable to Opie