Which of the Following Statements Best Defines a Tender of Performance

question 14

Multiple Choice

Which of the following statements best defines a tender of performance?

• A) It is an offer to perform an obligation in satisfaction of the terms of a contract.
• B) It is an offer to pay money in satisfaction of a debt or claim when one has the ability to pay.
• C) It is a contract provision that states the liquidity damages to be paid by a party if it breaches a contract.
• D) It is a contract provision excusing performance when an extraordinary event occurs.

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Definitions:

Albumin

A type of protein in the blood plasma responsible for maintaining osmotic pressure in the blood vessels and transporting substances.

Plasma Protein

Proteins found in blood plasma that perform many roles, including clotting, defense against disease, and transport of substances.

Osmosis

The spontaneous movement of solvent molecules through a semi-permeable membrane from a region of low solute concentration to a region of high solute concentration to equalize the concentrations on both sides of the membrane.

Water

A transparent, tasteless, odorless, and nearly colorless chemical substance that is the main constituent of Earth's hydrosphere and the fluids of all known living organisms.