Tender Meaning in Black`s Law Dictionary

Tender Meaning in Black`s Law Dictionary

An offer of money; the act by which a person holding a claim or claim against him is presented and offered the sum of money he considers due and recognized, without conditions or conditions, to satisfy that claim or claim. Salinas vs. Ellis. 26 pp. C. 337, 2 pp. E. 121; Tompkins vs. Batie. 11 Neb. 147, 7 N. W. 747.

38 am. Rep. 361 ; Holmes v. Holmes. 12 Rarb. (N.Y.) 144; Smith vs. Lewis. 26 Conn. 110; Noyes v. Wyckoff, 114 N. Y. 20-1, 21 N.

E. 158. The offer is a plea raised by the defendant that he was still prepared to pay the debt claimed and that he had offered it to the plaintiff before the action was brought. and now is suing him, ready to be paid to him. etc. Chestnut. Contracts, pleadings. An offer is an offer to take or take an action that the party to whom the offer is addressed is required to perform. (2) An offer can be money or specific items; These are taken into account separately.

Section 1. From the lender. To make a valid offer, the following conditions are required: 1. It must be made by a solvent person, because if it is made by a foreigner without the consent of the debtor, it is not sufficient. 3. 2. It shall be delivered to the receiving creditor or his representative. 4. 3. The full amount owing must be offered in the U.S. legal document or in a foreign document made common by law; And the offer must not be restricted under any circumstances. But an offer in banknotes, if not contested for this reason, will be good.

But in this case, the amount offered must be exactly what is due, because an offer of a five-dollar bill requiring a change would not be a good four-dollar offer. And an offer was made by means of a cheque contained in a letter requesting an acknowledgement of receipt, which the applicant returned and demanded a higher amount, without contesting the nature of the offer. If shares are to be offered, the debtor must make every effort to transfer them, but it is not absolutely necessary that they be transferred. 5.4. If a time limit has been agreed in favour of a creditor, it must have expired; The offer must be submitted at the agreed time for the performance of the contract, if it is submitted subsequently, it is only to mitigate damages, provided that it is submitted before the filing of the action. The tender must be made before the daylight has completely disappeared. 6. 5. The condition under which the debt was contracted must be met. 7. 6.

The offer is made at the place agreed for payment or, failing that, to the creditor or his representative. 8. If an offer has been made in due form, it is a full defence against the claim, but the benefit of an offer is lost if the creditor subsequently demands the assets owed from the debtor and the debtor refuses to pay for them. From the call for tenders certain items. It is a rule that certain objects can be offered at a certain place and not, like money, to the person of the creditor, wherever they are. If no place is expressly mentioned in the contract, the place of delivery must be determined by the will of the parties, which can be deduced from the nature of the business and its circumstances. For example, if the contract provides for the delivery of goods from the seller to the buyer on demand, the first being the manufacturer of the goods or a trader in them, without specifying a specific place, the seller`s factory or store is considered to be the intended place and an offer is sufficient there. If the specific items are located elsewhere at the time of sale, this is the place of delivery. 10. Where the goods are cumbersome and the place of delivery is not determined or can be inferred from the circumstances, it shall be presumed that they were intended to be delivered to a place which the creditor could reasonably determine; If the creditor refuses or designates an inappropriate location, the debtor may choose a suitable location and, after notifying the creditor, deliver the goods to it.

National currency names legally established. A means of commercial exchange legally required for the payment of monetary debts. Varies considerably from country to country. Creditors, lenders and sellers retain the ability to accept financial vehicles such as cheques and money orders, which are not legal tender, to pay their debts. Also known as legal money. 1) v. make an unconditional offer to another person to enter into a contract. 2) v. make a payment to others. 3) n. Delivery, except that the recipient has the choice not to accept the offer.

However, the act of offering complements the responsibility of the person making the offer. The two essential characteristics of the offer are an unconditional offer of service, as well as the manifest capacity to do so and the submission of the subject of the offer. The term is usually used in reference to an offer to pay money; However, it can be properly used as part of an offer of other types of real estate. Offer consists of unconditionally offering money or performance in order to fulfill an obligation. The term appears most often in the context of the contractual sale of goods. For example, Section 2074 of the California Code of Civil Procedure provides that “a written offer to pay a certain sum of money or to provide a particular written instrument or personal property, if not accepted, is equivalent to the actual production and supply of the money, instrument, or property.” In State v. Agostini, the California Court of Appeals interpreted this law to mean that a written offer of payment may constitute acceptance and exercise of an option agreement. Another example: under the perfect offer rule, a buyer of goods can reject the seller`s offer of goods if the goods are defective in any way. An offer of money; the act by which a person holding a claim or claim against him is presented and offered the sum of money he considers due and recognized, without conditions or conditions, to satisfy that claim or claim. In the plea, the defendant asserts that he was always prepared to pay the debt claimed and that he offered it to the plaintiff before the action began and that he has now taken it to court to have it paid to him, etc. Braun. Legal tender.

This type of coin, silver or circulation medium that the law obliges a creditor to pay its debts if they are offered by the debtor in the right amount. Remedy offer. An offer by a person guilty of wrongdoing or breach of contract to pay a sum of money as reparation. If a defendant makes an offer of relief in a lawsuit and the plaintiff refuses to accept it, the defendant can pay the money in court and claim payment from the court as satisfaction of the plaintiff`s claim. Mozley & Whitley. Issue offer. The wording of a written submission by which a party offers to refer the matter submitted to it to the appropriate decision-making process. The usual offer of a defendant to a question of fact is expressed in the words: “And from this he places himself in the country. The term appears in other contexts where individuals offer services or money to others. Laws prohibiting corruption may also refer to tenders.

For example, the Illinois Anti-Bribery Act defines bribery as someone “promising or giving” property or personal benefit to a public official in order to influence them. The time limit for the final phase of a defendant`s plea, during which he proposes to submit the controversy to the court and jury for decision. Supported by Black`s Law Dictionary, Free 2nd ed., and The Law Dictionary. An offer of money; The act by which a person offers to someone who holds a claim or claim against him the amount of money that the supplier sees and admits that is due to satisfy the claim or demand, unless contingent liabilities or provisions are attached to the offer.

Share this post