What Is the Difference Between Performance and Tender

question 84

Multiple Choice

What is the difference between performance and tender?

• A) There is no difference.
• B) Performance involves fulfilling contractual obligations, while tender involves offering performance.
• C) Tender is required when there is a conditional contract, while performance is required for all other contracts.
• D) Performance is required when there is a conditional contract, while tender is required for all other contracts.
• E) Tender is substantial performance, while performance refers only to complete performance.

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Definitions:

Terms Of Trade

An economic measure of a country's export prices relative to its import prices, indicating the quantity of imports that can be exchanged for a given amount of exports.

Domestic Currency

The official currency issued by a country's central bank or monetary authority, used within the domestic economy.

Production Possibilities Curve

A graphical representation showing the maximum combination of goods or services that can be produced with a fixed amount of resources.

Absolute Dollar Volume

The total amount of money exchanged or invested, measured in dollars, without adjusting for inflation or other factors.