Palmere owed Witmore $2,000. According to the terms of the agreement the money is due at noon on March 1 at Witmore's place of business. If Palmere tenders $2,000 in cash at the agreed place
A) on March 2, Palmere will be discharged if Witmore refuses to accept.
B) at noon on March 1, Palmere will be discharged if Witmore refuses to accept.
C) at noon on March 1, Palmere will be discharged if Witmore refuses to accept; however, Palmere remains liable for $2,000 but not for interest that accrued after March 1.
D) at noon on March 1, Witmore must accept the payment and apply it to the $2,000 debt even if Palmere is indebted to Witmore on another account.
Correct Answer:
Verified
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