Exercises · Q2
Q.State the essentials of a valid tender.
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✓ Free question
- Unconditional — an offer with extra conditions attached is not a valid tender.
- Proper time and place — made during usual business hours, at the place agreed for performance.
- Whole quantity — must cover the entire amount/quantity contracted for, not a part of it.
- Reasonable opportunity to inspect — for a tender of goods, the promisee must be given a fair chance to examine them before being expected to accept.
- Exact legal amount — for a tender of money, it must be in legal tender currency for the precise sum due, not by cheque unless the promisee agreed to accept one.
- Made by a competent person — the promisor themselves, or their duly authorised agent.
✓Final answer
Essentials of a valid tender: unconditional, at the proper time and place, for the whole quantity, allowing reasonable inspection (goods) or in the exact legal amount (money), and made by a competent person.
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