CMA Foundation · Fundamentals of Business Laws and Business Communication · Performance of Contracts
Under the Indian Contract Act, 1872, which of the following is one of the conditions that every valid offer of performance (tender) must fulfil?
A valid tender must be unconditional. Section 38 requires the offer of performance to carry no conditions, to be made at a proper time and place, and to let the promisee inspect anything offered. Writing, registration, use of an agent or a court deposit is not required.
- AIt must be unconditionalCorrect
- BIt must be made in writing and registered
- CIt must be made only through an agent
- DIt must be accompanied by a deposit with a court
Explanation
Section 38 lists three conditions: the offer must be unconditional, made at a proper time and place with a reasonable opportunity to ascertain ability and willingness, and, for delivery of a thing, allow the promisee to inspect it. Writing, registration, agents or court deposits are not requirements under the section.
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