Asked by
Vanshika Goyal
on Dec 18, 2024Verified
Shamira offered to purchase Brendan's automobile for $3,050 cash, with Brendan to deliver the vehicle the next Wednesday, at which time Shamira would pay the $3,050. On the Wednesday, when Brendan did not deliver, Shamira went to Brendan's home, and found him in his garden. Shamira offered Brendan the money, but Brendan refused, saying that he had changed his mind, and did not wish to sell his automobile. If Shamira had in her possession three $1,000 bills, and one $100 bill, her tender would be invalid, even though she had cash in excess of the amount requested.
Invalid Tender
An offer to pay that does not meet the legal requirements.
Exact Amount
A specific, precise sum of money or measurement of quantity, with no deviation allowed.
Legal Tender
Currency that is officially recognized by a governmental authority as acceptable payment for debts.
- Gain an insight into the notion of tender of payment and its significance in the context of contract law.
Verified Answer
CG
Learning Objectives
- Gain an insight into the notion of tender of payment and its significance in the context of contract law.
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