Legal Question in Credit and Debt Law in Indiana

Refusing payment

Is a debt forfieted IF the creditor refuses payment? Example They insist on $175. I offer $75 wich is all I have at THAT time, but will try to make up differance ASAP. But creditor (cell phone co.) says no good. I even asked '' Are you refusing payment?'' to which they did reply ''yes''.


Asked on 2/04/03, 9:34 pm

1 Answer from Attorneys
John Bator Bator Redman & Shive

Re: Refusing payment

No. The creditor has no obligation to accept partial payment and can sue for the entire amount.

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Answered on 2/05/03, 4:03 pm


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