BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The promisor must make an offer to the promisee to fulfil his contractual obligations. This offer for performance is referred to as a ” tender.” The promisee must then accept the performance.

Detailed explanation-2: -tender. A ready, willing, and able offer to perform contractual obligations. third-party beneficiaries.

Detailed explanation-3: -When the performance has become due, it is sometimes sufficient if the promisor offers to perform his obligation under the contract. This offer is known as attempted performance or more commonly as tender.

Detailed explanation-4: -Obligations of parties to contracts | Indian Contract Act, 1872 | Bare Acts | Law Library | AdvocateKhoj. The parties to a contract must either perform, or offer to perform, their respective promises, unless such performance is dispensed with or excused under the provisions of this Act, or of any other law.

Detailed explanation-5: -Material Contractual Obligation means, as to any Person, any provision of any document evidencing a security issued by such Person or of any material agreement, instrument or other undertaking to which such Person is a party or by which it or any of its Property is bound.