Asked by Cedrick Ceballos on May 07, 2024
Verified
An offer of performance is known as ________ when parties offer to perform and are ready, willing, and able to perform.
A) Offering
B) Showing
C) Tender
D) Completer
E) Implied acceptance
Tender
refers to the offer of payment of money or the performance of an obligation in order to discharge a debt or fulfill a contract.
Offering
The process or act of presenting something for acceptance, consideration, or use, such as a financial instrument or a proposal.
- Comprehend the significance of tender in executing contractual duties.
Verified Answer
HT
Hello ThereMay 10, 2024
Final Answer :
C
Explanation :
A tender is when parties offer to perform their obligations under a contract and are ready, willing, and able to do so. This is a legal concept indicating the willingness to fulfill contractual obligations.
Learning Objectives
- Comprehend the significance of tender in executing contractual duties.
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