A tender is a valid and sufficient offer of performance under a contract. It is an invitation to enter into a contract that the other party can accept or reject. It is not a type of contract itself, nor does it allow for termination at any point. Failure to provide a sufficient offer would be considered a breach of contract.

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Tender Is

Question 296

Multiple Choice

Tender is:

A) a proper initiation of a contract
B) failure to provide a sufficient offer of performance under a contract
C) a valid and sufficient offer of performance under a contract
D) a type of contract
E) a contact that allows the offeree to terminate the contract at any point

Correct Answer: