Nevada Revised Statutes 104.2511 – Tender of payment by buyer; payment by check
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1. Unless otherwise agreed tender of payment is a condition to the seller‘s duty to tender and complete any delivery.
Terms Used In Nevada Revised Statutes 104.2511
- Legal tender: coins, dollar bills, or other currency issued by a government as official money. Source: U.S. Mint
- Seller: means a person who sells or contracts to sell goods. See Nevada Revised Statutes 104.2103
2. Tender of payment is sufficient when made by any means or in any manner current in the ordinary course of business unless the seller demands payment in legal tender and gives any extension of time reasonably necessary to procure it.
3. Payment by check is conditional and is defeated as between the parties by dishonor of the check on due presentment.