Which term refers to an offer to perform one's duties under a contract?

Which term refers to an offer to perform one's duties under a contract?

• A. Novation
• B. Condition subsequent
• C. Tender
• D. Anticipatory breach

Answer: (C)

Tender of performance is the act of offering to carry out the duties owed under a contract. It means you’re ready and able to perform exactly as the contract requires, at the time and place specified. This is the specific term used to describe the formal offer to perform (or to pay, in the case of financial obligations). If the other party accepts the tender, performance proceeds; if they refuse or don’t accept, the tendering party can often pursue remedies for non-acceptance or breach. The other terms refer to different concepts: novation is substituting a new contract or obligation for the old one; a condition subsequent is an event that ends a contract; anticipatory breach is a party signaling in advance that they will not perform. None of these describe the act of offering to perform.

Tender of performance is the act of offering to carry out the duties owed under a contract. It means you’re ready and able to perform exactly as the contract requires, at the time and place specified. This is the specific term used to describe the formal offer to perform (or to pay, in the case of financial obligations). If the other party accepts the tender, performance proceeds; if they refuse or don’t accept, the tendering party can often pursue remedies for non-acceptance or breach.

The other terms refer to different concepts: novation is substituting a new contract or obligation for the old one; a condition subsequent is an event that ends a contract; anticipatory breach is a party signaling in advance that they will not perform. None of these describe the act of offering to perform.