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:
Verified
Q2: What constitutes satisfactory performance in a contract?
Q7: If performance in a contract becomes extremely
Q8: A f orce majeure clause in
Q11: After a discharge in bankruptcy, creditors' rights
Q12: Which of the following statements is true
Q14: In which of the following cases will
Q17: A debt that has been outlawed by
Q17: If a party intentionally and without
Q20: A breach of contract by one of
Q20: An offer to provide money in satisfaction
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents