If Alice makes a proper tender of the full payment of $1,000 due on Richard's note on the note's due date, but Richard improperly refuses to accept the money, Alice will still be liable for the $1,000, but will not have to pay any interest on the amount.

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If a party makes a proper tender of the full amount due on a note on the note's due date but the party owed the money improperly refuses to accept the money, the tendering party will still be liable on the note but will not have to pay interest on the amount.

If Alice Makes a Proper Tender of the Full Payment