This document discusses the concept of tender in business law. It defines tender as when the promisor offers to fulfill their contractual obligations at the proper time and place, but the promisee does not accept the performance. There are two types of tender: tender of goods and tender of money. For a tender to be valid, it must be unconditional, made at the proper time and place, for the whole obligation, provide a reasonable opportunity, be in the proper form, and be made to the proper person. The document also explains that tendering refers to the process where governments and institutions invite bids for large projects within a deadline, and where shareholders submit shares in response to a takeover offer. Tender documents are prepared to seek