U.S. Bank National Ass'n v. Whitney

The Uniform Commercial Code (UCC), Title 62A RCW, requires, first and foremost, good faith, fair dealing, and commercial reasonableness. The code also requires that payment on a promissory note must be tendered in the amount due and at the place stated in the instrument. Here, a debtor purported to tender payment at a bank branch other than that designated as the place for payment, in an amount less than the amount due, and with a third-party check — all without explanation. This tender did not, then, constitute payment on the notes. We reverse the trial court’s ruling to the contrary. We…