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Which of the Following Statements Best Defines a Tender of Performance

Question 18

Multiple Choice

Which of the following statements best defines a tender of performance?


A) It is an offer to perform an obligation in satisfaction of the terms of a contract.
B) It is an offer to pay money in satisfaction of a debt or claim when one has the ability to pay.
C) It is a contract provision that states the liquidity damages to be paid by a party if it breaches a contract.
D) It is a contract provision excusing performance when an extraordinary event occurs.

Correct Answer:

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