What Is the Difference Between Performance and Tender

question 28

Multiple Choice

What is the difference between performance and tender?

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

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Definitions:

Beneficiary

A person or entity entitled to receive benefits from a will, trust, insurance policy, or other legal agreements.

Divorced

The legal dissolution of a marriage by a court or other competent body.

Proceeds

The total amount of money received from a sale or transaction.

Replacement Cost

The amount of money required to replace damaged or lost assets with new ones of the same or similar quality.