Home › CA Foundation › businesslaw › Performance of Contract › A offers to repay only the principal of a loan, …
A offers to repay only the principal of a loan, omitting the agreed interest. This tender is invalid because it is not:
AMade at the proper place
BMade through an agent
CMade in writing
DUnconditional and for the whole obligation
Answer & Solution
Correct answer: D. Unconditional and for the whole obligation
A valid tender must be unconditional and for the entire obligation; offering only part (principal without interest) is not a valid tender.
Related questions
Under Section 45, where a promise is made to two or more promisees jointly, the right to cUnder Section 50, performance of a promise may be made in the manner or at the time which:A and B agree A will deliver goods to be paid for on delivery. A need not deliver unless BActual breach of a contract can be committed:Under Section 56, where the promisor alone knew, or with reasonable diligence should have Where a contract becomes impossible or unlawful to perform after it is made, due to an unfAn agreement to do an act impossible in itself (initial impossibility) under Section 56 isUnder Section 55, where time is NOT of the essence and performance is delayed, the promise