Arkansas Letter Tendering Payment in Order to Settle a Disputed Claim

State:
Multi-State
Control #:
US-00939BG
Format:
Word; 
Rich Text
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Description

The word tender has been defined as an offer of money or goods in payment or satisfaction of a debt or other obligation. An offer to perform is a tender. A tender involves an unconditional offer by a person making the tender to pay an amount in lawful currency that is at least equal to the amount owing in a specified debt. The purpose of tender is to close a transaction so that the person making the tender may be relieved of further liability for the debt or obligation.

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Arkansas Letter Tendering Payment in Order to Settle a Disputed Claim