Question:
Mr. Debtor owes Mr. Creditor P100, 000. On the due date, Mr. Debtor delivers a cashier’s check for the full amount. Mr. Creditor refuses to accept the check.
| A. |
Debtor may make a consignation by depositing the amount due with any bank and in the name of Mr. Creditor. |
B. |
Mr. Debtor may make a consignation by depositing the amount due at the disposal of judicial authorities before whom the tender of payment shall be proved in a proper case. |
C. |
Mr. Debtor has no legal basis for making a consignation. |
D. |
The creditor may be considered in mora accipiendi. |
Answer» c. Mr. Debtor has no legal basis for making a consignation. |
Note: |
The above multiple-choice question is for all general and Competitive Exams in India. |