More than Just Lines on a Map: Best Practices for U.S Bike Routes
Presentation (1)
1. ASSIGNMENT ~ II
• S.BAKIYALAKSHMI@GEETHA
• II B.COM “B”
• 18UR53
• BUSINESS LAW
• 27.09.2019
• MS.R.MURUGALAKSHMI M.COM.,M.PHIL.,
• DEPARTMENT OF COMMERCE(SF)
• BUSINESS LAW
2. TENDER
THE PROMISOR OFFERS TO PERFORM HIS OBLIGATION
UNDER THE CONTRACT AT THE PROPER TIME AND PLACE
BUT THE PROMISEE DOES NOT ACCEPT THE PERFORMANCE.
IT IS KNOWN AS ATTEMPTED PERFORMANCE OR TENDER.
3. KINDS OF TENDER
It is of two types.They are:
• Tender of goods
• Tender of money
4. REQUISITES OF A VALID TENDER
• It must be unconditional
• It must be made at a proper time and place
• It should be in respect of the whole obligation
• It must provide reasonable opportunity
• It must be in the proper form
• It must be made to a proper person
5. WHAT IS TENDER IN BUSINESS?
Tendering usually refers to the process whereby government and financial
institutions invite bids for large project that must be submitted within finite
deadline.
The term also refers to the process whereby shareholders submit their shares or
securities in response to a takeover offer.
6. WHAT ARE TENDER DOCUMENTS?
It makes an offer for the supply of goods or services. Tender documents are
prepared to seek tenders. Generally, tendering refers to the suppliers required to
complete construction works, rather than the process of selecting consultancy
services which is commonly referred to as appointment.
