On the due date, Merrel makes proper tender of full payment of a note to Russell, who is entitled to payment. If Russell refuses payment, Merrel is discharged from liability for:
a. the face amount of the note.
b. any interest accrued until the time of tender.
c. interest after the due date.
d. All of these are correct.
c
Business
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Which of the following statements is true of a breach of contract?
A) Strict performance by a party discharges that party's duties under the contract. B) Inferior performance constitutes a minor breach of contract. C) Substantial performance constitutes a material breach. D) The most common remedy for a breach of contract is an award of equitable remedies.
Business
Distinguish between nonissuer exemption, intrastate offering exemption, and private placement exemption
What will be an ideal response?
Business