Derrick offered to purchase Perry's vehicle for $3,050 cash, with Perry to deliver the vehicle the next Wednesday, at which time Derrick would pay the $3,050. On the Wednesday, when Perry did not deliver, Derrick went to Perry's home, and found him in his garden. Derrick offered Perry the money, but Perry refused, saying that he had changed his mind, and did not wish to sell his automobile. If Derrick had offered Perry exactly $3,050 in cash, he had made a valid tender of performance.

Question

Quizplus · Accepted Answer

A valid tender of performance was made because Derrick offered the exact amount of money agreed upon in the contract. Perry's refusal to deliver the vehicle does not affect the validity of the tender.

Derrick Offered to Purchase Perry's Vehicle for $3,050 Cash, with Perry