If a tender of payment is refused by the creditor:
A) the debt is irrecoverable.
B) penalties can be charged beyond the date on which the offer of payment was made.
C) the debt is not canceled.
D) interest can be charged beyond the date the offer of payment was made.

Question

Quizplus · Accepted Answer

A refusal of tendered payment does not cancel the debt, and penalties or interest cannot be charged beyond the date on which the offer of payment was made. However, the creditor may be able to pursue other legal means of collecting the debt.

If a Tender of Payment Is Refused by the Creditor