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TENDER
What is a tender?
(attempted performance /offer to
performance)
A person who is bound to perform a
promise will be ready to perform and
will also offer to perform his promise at
the proper place and time; but the other
party may refuse to accept
performance
ESSENTIALS OF A VALID
TENDER
1. It must be unconditional
2. It must be made at proper time and place
3. A person to whom the tender is made
must be given opportunity of inspection
of goods or articles
4. The tender must be whole and not of the
part
5. The tender must be in proper form –
tender of money in current coins
6.The tender must be made to proper person.
7. Tender for the delivery of goods must be for
the quantity and quality as stipulated in the
contract
8.A tender made to one of the several joint
promisees has the same legal consequences
as a tender to all of them
KINDS OF TENDER
• TENDER OF GOODS
• TENDER OF MONEY
ASSIGNMENT OF
CONTRACTS
• Act by the parties
• Assignment of contract by operation of law

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Tender

  • 2. What is a tender? (attempted performance /offer to performance) A person who is bound to perform a promise will be ready to perform and will also offer to perform his promise at the proper place and time; but the other party may refuse to accept performance
  • 3. ESSENTIALS OF A VALID TENDER 1. It must be unconditional 2. It must be made at proper time and place 3. A person to whom the tender is made must be given opportunity of inspection of goods or articles 4. The tender must be whole and not of the part 5. The tender must be in proper form – tender of money in current coins
  • 4. 6.The tender must be made to proper person. 7. Tender for the delivery of goods must be for the quantity and quality as stipulated in the contract 8.A tender made to one of the several joint promisees has the same legal consequences as a tender to all of them
  • 5. KINDS OF TENDER • TENDER OF GOODS • TENDER OF MONEY
  • 6. ASSIGNMENT OF CONTRACTS • Act by the parties • Assignment of contract by operation of law