BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
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A(n)? ____ is a ready, willing, and able offer to perform an obligation.
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alteration
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tender
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performance
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Explanation:
Detailed explanation-1: -According to Section 37 of the Indian Contract Act, 1872 the parties to a contract are under the obligation to either perform or offer to perform the promises which have been agreed upon under the contract.
Detailed explanation-2: -Offer of performance: tender 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-3: -tender. A ready, willing, and able offer to perform contractual obligations. third-party beneficiaries.
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