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LSDefine

Simple English definitions for legal terms

offer of performance

Read a random definition: digama

A quick definition of offer of performance:

An offer of performance is a promise made by one party to another that they are able to fulfill their contractual obligations. This promise can be made through words or actions. If both parties are supposed to perform their obligations at the same time, each party has the right to refuse until the other party makes an appropriate offer of performance. This requirement is subject to the agreement of the parties and what is reasonably expected in view of practical difficulties.

A more thorough explanation:

Definition: An offer of performance is a reasonable assurance given by one party to another that they are able to fulfill their contractual obligations. This assurance can be given through words or actions.

For example, if you hire a contractor to build a house for you, the contractor may offer to show you their portfolio of completed projects as an assurance that they are capable of completing the job.

When both parties are expected to perform their obligations simultaneously, each party has the right to refuse to proceed until the other party makes an appropriate offer of performance. This means that both parties need to assure each other that they are ready and able to fulfill their obligations before proceeding with the exchange.

Overall, an offer of performance is an important aspect of contract law that helps ensure that both parties are able to fulfill their obligations and that the exchange of goods or services can proceed smoothly.

offer of judgment | offer of settlement

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[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
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