Tender Performance - Contract

Tender Performance - Contract

Assessment

Interactive Video

Business

University

Hard

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The video explains the concept of tendering performance in contracts, where a party attempts to fulfill their contractual duties, such as delivering goods. Even if the other party rejects the performance, the attempt still counts as tendering. If a contract lacks specificity, a reasonable standard is applied. If external factors prevent performance, the party may be excused from breach.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is meant by 'tendering performance' in the context of contracts?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does an attempt to deliver goods relate to contractual obligations?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What happens if a party attempts to perform their duties but is not allowed to do so?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What constitutes a reasonable attempt to perform under a contract?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

In what situations can a party be excused from performance under a contract?

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