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Simple English definitions for legal terms

perfect tender

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A quick definition of perfect tender:

Perfect tender refers to a valid and unconditional offer made by someone to pay a debt or fulfill an obligation. This offer can save the person from penalties for nonpayment or nonperformance. If the other party refuses the offer without a good reason, they may be considered in default. In the context of sales, tender of delivery means the seller has made the goods available to the buyer and given them notice to take delivery. Tender of performance refers to a person's demonstration of readiness, willingness, and ability to fulfill their obligation, such as a buyer's offer to pay or a seller's offer to deliver goods.

A more thorough explanation:

Perfect tender refers to a valid and sufficient offer of performance, which can be an unconditional offer of money or performance to satisfy a debt or obligation. It is a way to save the tendering party from a penalty for nonpayment or nonperformance or to place the other party in default if they unjustifiably refuse the tender.

For example, if a seller offers to deliver goods to a buyer, and the goods are in conformity with the contract, the seller has made a perfect tender. If the buyer refuses to accept the goods without a valid reason, they will be in default.

Another example is when a debtor offers to pay their debt in full, and the creditor refuses the payment without a valid reason. In this case, the debtor has made a perfect tender, and the creditor will be in default if they refuse the payment.

Overall, perfect tender is a way to ensure that both parties fulfill their obligations under a contract and avoid any penalties for nonperformance or nonpayment.

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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] 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.
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