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,any endorsers are discharged from liability.

Question

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Obligations of endorsers and accommodation parties on an instrument will be discharged if the obliged party tenders full payment on the due date but the holder of the instrument refuses to accept the money [UCC 3-603(b)].

If Alice Makes a Proper Tender of the Full Payment