Types of Tenders and their Effects

Tender is a means (arising out of certain conditions) by which a Contract is deemed to be performed. Since, recent Examination pattern of IPCC & CPT is more logic oriented rather then based on just cramming; tender qualifies the criteria to be considered as a promising topic.

Effects of goods and services :

(1) Tender of Goods and Services -

• Goods or Services need not be offered again
• Promisor is - 
                         * Discharged
                         * Not Required to Offer Again
                         * Not responsible for non-performance
                         * Entitled to sue the other party 

(2) Tender of Money -

• The Debtor remains liable to pay the debt
• The Debtor is discharged from liability for payment of interest right from the due date of tender
  
  As stated earlier Tender is one of the ways by which a performance is deemed to have been done, for detailed content about The Performance of Contract click Here