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Home » US Law » 2022 Iowa Code » Title XIII - COMMERCE » Chapter 538 - TENDER OF PAYMENT AND PERFORMANCE

Section 538.1 – Demand required.

538.1 Demand required. No cause of action shall accrue upon a contract for labor or the payment or delivery of property other than money, where the time of performance is not fixed, until a demand of performance has been made upon the maker and refused, or a reasonable time for performance thereafter allowed. [C51, §959; […]

Section 538.2 – Tender of labor or property.

538.2 Tender of labor or property. When a contract for labor, or for the payment or delivery of property other than money, does not fix a place of payment, the maker may tender the labor or property at the place where the payee resided at the time of making the contract, or at the residence […]

Section 538.3 – Tender when contract assigned.

538.3 Tender when contract assigned. When the contract is contained in a written instrument which is assigned before due, and the maker has notice thereof, the maker shall make the tender at the residence of the holder if the holder resides in the state and no farther from the maker than the payee did at […]

Section 538.4 – Effect of tender.

538.4 Effect of tender. A tender of the property, as above provided, discharges the maker from the contract, and the property becomes vested in the payee or the payee’s assignee, and the payee or assignee may maintain an action therefor as in other cases. But if the property tendered be perishable, or requires feeding, or […]

Section 538.5 – Tender when holder absent from state.

538.5 Tender when holder absent from state. 1. When an instrument for the payment of money is due and the holder is absent from the state or the holder’s identity or whereabouts are unknown and the instrument does not provide for a place of payment, the maker may tender payment at the last known residence […]

Section 538.6 – Offer in writing — effect.

538.6 Offer in writing — effect. An offer in writing to pay a particular sum of money, or to deliver a written instrument or specific personal property, if not accepted, is equivalent to the actual tender of the money, instrument, or property, subject, however, to the condition contained in section 538.7; but if the party […]

Section 538.7 – Nonacceptance of tender.

538.7 Nonacceptance of tender. When a tender of money or property is not accepted by the party to whom it is made, the party making it may, if that party sees fit, retain it in possession; but if afterwards the party to whom the tender was made concludes to accept it and gives notice thereof […]

Section 538.8 – Receipt — objection.

538.8 Receipt — objection. The person making a tender may demand a receipt in writing for the money or article tendered, as a condition precedent to the delivery thereof. The person to whom a tender is made must, at the time, make any objection which the person may have to the money, instrument, or property […]