Tender

Tender. Where a person is ready and willing to pay his creditor he may make what is called in law a tender of the amount. There are certain legal restrictions in so doing, for the money must be actually produced, unless the creditor dispenses with this at the time. The tender must also be unconditional, and for this purpose, in case a receipt is wanted, the debtor should bring a stamped receipt with him, and require the creditor to sign it and to pay the amount of the stamp. Having done this, he is in a position to make a "plea of tender" to any action brought by the creditor. This plea, however, must be accompanied by an actual payment of the amount into court, such payment being alleged in the plea and acknowledged in the margin thereof. The plea amounts in law to an admission of the cause of action.