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Cap. 16 · Civil Code (Cap. 16)

Cap. 16 Art. 1175Conditions of a valid tender.

Sub-title V

In forceOfficial text

A tender shall only be valid if -

(a) it is made to the creditor capable of receiving payment or to a person authorized to receive for him;

(b) it is made by a person capable of paying;

(c) it includes the whole sum due for capital and accrued interest, and liquidated costs, and a further sum for the unliquidated cost with a reservation to make up any deficiency;

(d) the time, when stipulated in favour of the creditor, has elapsed;

(e) the condition under which the debt was contracted, is fulfilled;

(f) it is made at the place where under the agreement, or, in the absence of an agreement, according to law, payment is to be made.