Tender Performance - Contract

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.

What does tendering performance in a contract primarily involve?

• Attempting to terminate the contract

• Attempting to fulfill contractual duties

• Attempting to assign the contract to another party

• Attempting to negotiate new terms

If a party attempts to deliver goods but the other party refuses to accept them, what is this scenario called?

• Tendering performance

• Breach of contract

• Contractual negotiation

• Performance waiver

What happens if a contract does not specify what constitutes performance?

• The contract must be renegotiated

• A reasonable standard applies

• The contract is void

• Performance is not required

Under what condition might a party be excused from performance?

• If the contract is too old

• If they no longer wish to perform

• If the other party prevents performance

• If they find a better contract

What is the result if a party makes a reasonable attempt to perform under a contract?

• They have fulfilled their obligation

• They have breached the contract

• They are liable for damages

• They must renegotiate the contract