Legal AD-Vise
We are not here to tell you how to proceed in Court, we are here to say that you are required, in the courts of presumptions, to rebut the presumptions of the other party. If you bring the claim first, logic would appear to be on your side, that they will have to rebut your presumptions by a preponderance of evidence to the contrary. It doesn't always work that way, but it appears that's the way it should be under the law presumption, presumption!
What is legal tender in the United States? We're not here to tell you what legal tender is or what legal tender is not in the United States, what we will do is we will provide you with several different cases where the courts have documented what is the acceptable understanding of what is and/or is not legal tender the United States. When you're tendering the payment, it would probably be in your best interests to follow the customary understanding of what is and/or is not legal tender in the United States. Please refer to the following 20+ cases for a better understanding:
Thornburgh v. Town of Gauley Bridge
No. 12-0329 (Fayette County 11-C-269) (W. Va. May. 24, 2013)
…Virginia Code § 29-12A-5(a)(4). Petitioner argues that the exception provided in West Virginia Code § 29-12A-18(e) is applicable because the issue of petitioner's suit against respondent concerned a violation of a United States statute, i.e., 31 United States Code § 5103. This federal law provides that United States coins are legal tender. Respondent contends that the circuit court did not commit error in finding that it is protected by the doctrines of statutory immunity and qualified immunity and further asserts that petitioner failed to state a prima facie claim for claiming that respondent…
National Life Accident Ins. Co. v. Ransbottom
217 Ind. 452 (Ind. 1940)Cited 2 times
…108 Ind. 246, 8 N.E. 255; Shuee et al. v. Shuee (1885), 100 Ind. 477; Melton et al. v. Coffelt (1878), 59 Ind. 310; Fall v. Hazelrigg (1874), 45 Ind. 576; Lynch et al., Ex'rs, v. Jennings, Adm'r (1873), 43 Ind. 276; Hunter et al. v. Bales (1865), 24 Ind. 299. The tender in an action at law is considered as payment pro tanto and is irrevocable. When an action is brought for more than the defendant believes due, he may bring and pay into court the amount which he concedes to be due and be discharged of costs. This is treated as a voluntary payment, and the money belongs unconditionally to the…
Ada Enterprises, Inc. v. Thompson
132 N.W.2d 244 (Wis. 1965)Cited 6 times
…"The judgment itself may, under proper circumstances, provide for the medium in which it is to be paid. But, subject to such a provision, it is ordinarily payable only in lawful money the same as any other legal obligations, that is, in whatever is legal tender at the time, and place where payment is made, unless plaintiff authorizes or accepts payment in some other medium or manner."…
Stallmaker v. Great American Ins. Co.
364 S.W.2d 620 (Mo. Ct. App. 1963)
…the policy, and (2) the tender of funds into court was not a judicial admission of liability under the policy or an admission of indebtedness in the amount of the tender. We first consider the latter contention. It is the rule of courts generally that a tender or payment into court is an admission of liability on a debt or obligation, at least to the extent of the amount tendered. 52 Am.Jur., Tender, Sections 37, 38, p. 242. This rule is observed by Missouri courts. In Knight v. Firemen's Insurance Company of Newark, N. J., 227 Mo. App. 426, 49 S.W.2d 682, this court said, "A tender is in…
Primo Hosp. Grp., Inc. v. Americana at Brand, LLC
B271188 (Cal. Ct. App. Nov. 17, 2017)Cited 1 times
"Offset is expressed as a right of the judgment debtor." (Margott v. Gem Properties, Inc. (1973) 34 Cal.App.3d 849, 855.) "In effect, the judgment debtor satisfies the claim against him by discharging a separate claim he has against the judgment creditor. The offset is the equivalent of payment." (Id. at p. 856.) "The right exists independently of statute and rests upon the inherent power of the court to do justice to the parties before it. [Citations.] . . . '[I]t is well settled that a court of equity will compel a set-off when mutual demands are held under such…
Margott v. Gem Properties, Inc.
34 Cal.App.3d 849 (Cal. Ct. App. 1973)Cited 23 times
…in it. A judgment for punitive damages is no different than any other money judgment in the context of the right of the judgment debtor to offset. In effect, the judgment debtor satisfies the claim against him by discharging a separate claim he has against the judgment creditor. The offset is the equivalent of payment. If such is the case, the source of the satisfied judgment in actual or punitive damages is irrelevant. It is conceivable that unconscionable conduct leading to a judgment of punitive damages may be so related to the offset transaction as to raise an equitable defense to offset…
Bank of Am. v. SFR Invs. Pool 1, LLC
427 P.3d 113 (Nev. 2018)Cited 405 times
…16 (1972) ("Common-law and statutory liens continue in existence until they are satisfied or terminated by some manner recognized by law. A lien may be lost by ... payment or tender of the proper amount of the debt secured by the lien."); see also 74 Am. Jur. 2d Tender § 41 (2012). Valid tender requires payment in full. Annotation, Tender as Affected by Insufficiency of Amount Offered , 5 A.L.R. 1226 (1920). The HOA refused to accept Bank of America’s tender, because it did not satisfy both the superpriority and subpriority portions of the lien. NRS 116.3116 governs liens against units for HOA…
Brubrad Company v. United States Postal Service
404 F. Supp. 691 (E.D.N.Y. 1975)Cited 12 times
…November 4, 1975, lists eleven series of United States government bonds with maturities from 1980 to 1998 and coupons from 3 percent to 4 1/4 percent. Their holders might make the same argument as plaintiff, that they did not contemplate the present inflation when the bonds were issued. Plaintiff, like bondholders and other creditors of the government, is entitled under 31 U.S.C. § 463 only to "payment, dollar for dollar, in . . . legal tender."
Ralda-Sanden v. Sanden
2013 Ill. App. 121117 (Ill. App. Ct. 2013)Cited 14 times
…assigns to the Department “any and all rights, title, and interest in any support obligation, including statutory interest thereon, up to the amount of the financial aid provided.” 305 ILCS 5/10–1 (West 2010). This assigned right is considered a collectible obligation owed the State or local governmental unit by the person responsible and is “collectible under all applicable processes.” Id. ¶ 36 Furthermore, to receive aid under the Public Aid Code, the family unit or parents must accept the “primary and continuing obligation of the family unit for self-support to the fullest extent permitted…
Bennett v. Broderick
858 N.E.2d 1044 (Ind. Ct. App. 2006)Cited 20 times
…the lease's requirement that the security deposit be paid upon execution of the lease. Bennett tendered and Broderick accepted a postdated check in payment of the security deposit. The lease did not restrict the manner of payment. Legal payment can be made in any medium that the party obligated offers and the party to whom payment is due accepts as payment. Lamb v. Thieme, 174 Ind.App. 287, 367 N.E.2d 602, 603 (1977). The security deposit was "on deposit" with Broderick when Bennett gave her his check. There is no evidence that the check would not have been honored when presented to the…
U.S. Bank v. Nev. Sandcastles, LLC
448 P.3d 553 (Nev. 2019)
…Summary judgment is proper "when the pleadings and other evidence on file demonstrate that no genuine issue as to any material fact [remains] and that the moving party is entitled to a judgment as a matter of law." Id. (internal quotation marks omitted) (alteration in original). "Valid tender requires payment in full." Bank of America, N.A. v. SFR Investments Pool, 1, LLC, 134 Nev. Adv. Op. 72, 427 P.3d 113, 117 (2018).
In re Applause LLC
Case No. SV 04-15821 MT (Bankr. C.D. Cal. Apr. 3, 2006)
…that is liable with the debtor on, or that has secured, a claim of a creditor against the debtor, and that pays such claim, is subrogated to the rights of such creditor to the extent of such payment."). "[T]here is nothing about the basic structure of the letter of credit transaction that calls for treatment different than other co-obligors in bankruptcy." In re Condor Systems, Inc., 296 B.R. 5, 16 (9th Cir. B.A.P. 2003). "As with other forms of guarantee, payment by the issuer gives rise to a right of reimbursement and subrogates the issuer to the rights of the beneficiary." Id. at 17…
In re Condor Systems, Inc.
BK Number: 01-55472-JRG, 01-55473-JRG, (Jointly Administered), BAP number: NC-02-1380-KMaRy (B.A.P. 9th Cir. Jul. 18, 2003)
…to assume the credit risk of payment by the applicant. P.A. Bergner Co. v. Bank One (In re P.A. Bergner Co.), 140 F.3d 1111, 1114-15 (7th Cir. 1998); John F. Dolan, The Law of Letters of Credit ¶ 3.03[1], at 3-7 to 3-10 (rev. ed. 1999); 6B Wm. D. Hawkland, Hawkland UCC Series rev. § 5-109:10 (2002); David G. Carlson Wm. H. Widen, Letters of Credit, Voidable Preferences, and the "Independence" Principle, 54 Bus. Law. 1661 n. 1 (1999). As with other forms of guarantee, payment by the issuer gives rise to a right of reimbursement and subrogates the issuer to the rights of the beneficiary.…
Frandson v. Oasis Petroleum North America, LLC
870 F. Supp. 2d 726 (D.N.D. 2012)Cited 1 times
…A generally-accepted common rule governing payment of monetary obligations is that, absent an agreement providing otherwise, an obligee can insist upon payment in legal tender or, as it is sometimes referred to, the “coin of the realm.” E.g., Margulus v. Mathes, 339 Ill.App. 497, 90 N.E.2d 254, 256 (4th Dist.1950); Stein v. Shapiro, 145 Minn. 60, 64, 176 N.W. 54, 55 (1920); see generally60 Am.Jur.2d Payment § 21…
United States v. Rickman
638 F.2d 182 (10th Cir. 1980)Cited 47 times
…1, § 8, United States Constitution. We have held to the contrary. United States v. Ware, 10 Cir., 608 F.2d 400, 402-403. We find no validity in the distinction which defendant draws between "lawful money" and "legal tender." Money is a medium of exchange. Legal tender is money which the law requires a creditor to receive in payment of an obligation. The aggregate of the powers granted to Congress by the Constitution includes broad and comprehensive authority over revenue, finance, and currency. Norman v. B. O. R. Co., 294 U.S. 240, 55 S.Ct. 407, 79 L.Ed. 885.
Arnold v. Selman
62 S.E.2d 915 (Ga. Ct. App. 1951)Cited 3 times
…The evidence shows that Arnold tendered the monthly rental of $85 (this being the amount specified in the lease) to Selman, after the sale, for the month of April, 1950, that the money was refused, and that like tenders and refusals of rent were made for May and June, 1950. Tender of payment is equivalent to payment. Life Casualty Ins. Co. of Tenn. v. Jordan, 69 Ga. App. 287, 298 ( 25 S.E.2d 103). The tenders were made a day or two after the first day of the month, but it was the practice and custom of these parties to pay and accept the rent a few days after the first day of the month…
In the Matter of Frost
171 N.J. 308 (N.J. 2002)Cited 18 times
…supports respondent's position. The common law concept of tender provides that if a creditor refuses to accept money tendered by a debtor title to the money reverts to the debtor. 74 Am. Jur. 2d Tender §§ 33, 35 (2001). However, "legal tender is that kind of [payment] which the law compels the creditor to accept in payment of his debt when tendered by the debtor in the right amount." Black's Law Dictionary 1467 (6th Edition 1990) (emphasis added). Here, CNA did not accept the $79,000 check tendered by respondent because CNA believed that it had not compromised its lien to $79,000. Thus, CNA…
Lunsford v. Deutsche Bank Trust Co.
996 N.E.2d 815 (Ind. App. 2013)Cited 11 times
…Appellee's App. p. 96. Lunsford was again provided with updated payoff information via overnight mail following the summary judgment hearing. Id. at 161–62. Notwithstanding this information, no tender of payment was ever made in satisfaction of the loan documents. A proper tender of payment generally requires full payment of the debt due. Cricket Ridge, LLC v. Wright, 880 N.E.2d 1271, 1277 (Ind.Ct.App.2008). And if the payment is refused, “the tender must be kept open by paying the full amount into court.” Id. Put another way, Lunsford has not alleged, and the record does not show, that he…
D. Jack Davis Corp. v. Karp
333 S.E.2d 685 (Ga. Ct. App. 1985)Cited 5 times
…new tenancy to which he was entitled, and thus the landlord was without grounds to seek to distrain the tenant's property when the application was filed a few days before tenant moved out in response to the demand for possession. The correct amount of rent had been sent and returned, so plaintiff was not on solid ground when the sworn application was filed. "Tender of payment is equivalent to payment. [Cit.]." Arnold v. Selman, 83 Ga. App. 145, 149 ( 62 S.E.2d 915) (1951). See also 49 AmJur2d, Landlord and Tenant, § 754, second paragraph. Consequently, a directed verdict as to it was mandated…
In re Hawaiian Vintage Chocolate Co.
No. 21-32112 (Bankr. N.D. Tex. Dec. 22, 2021)
…Business Day means any day other than a Saturday, Sunday, or "legal holiday" as defined in Bankruptcy Rule 9006(a). Cash means legal tender of the United States of America.
Ditech Fin. LLC v. Clearwater Cove Homeowners Ass'n
No. 19-16692 (9th Cir. Aug. 18, 2020)
…Plaintiff Ditech Financial, LLC, timely appeals from entry of summary judgment in favor of Defendants. Reviewing de novo, CitiMortgage, Inc. v. Corte Madera Homeowners Ass'n, 962 F.3d 1103, 1106 (9th Cir. 2020), we affirm. 1. In Nevada, it is settled law that valid tender of payment requires payment in full. Bank of Am., N.A. v. SFR Invs. Pool 1, LLC, 427 P.3d 113, 117 (Nev. 2018) (en banc). "In addition to payment in full, valid tender must be unconditional, or with conditions on which the tendering party has a right to insist." Id. at 118.
Williams v. Mobile Oil Exploration Prod. S.E
457 So. 2d 962 (Ala. 1984)Cited 16 times
…The statute allows either payment or tender thereof. There is ample evidence to show payment into the court of the amount due, thus satisfying the statute. A "short statute of limitations" is contained in § 40-10-82, Code 1975, which states that the redemption action must be filed within three years from the date when the…