tender of delivery

tender of delivery
tender of delivery: an offer of goods by a seller to a buyer that consists of putting or holding them at the disposition of the buyer and giving the buyer any notification reasonably necessary for taking delivery
a cause of action for breach of warranty usually accrues upon tender of delivery compare delivery

Merriam-Webster’s Dictionary of Law. . 1996.

tender of delivery
n.
A seller’s actual delivery of goods to a buyer; a seller’s placing goods at the buyer’s disposal and notifying the buyer of that fact.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

Look at other dictionaries:

  • tender — ten·der 1 n 1 a: an act or instance of tendering b: an unconditional offer of payment or performance (as in discharge of an obligation) that is coupled with a manifestation of willingness and ability to follow through (as by producing a check) c …   Law dictionary

  • delivery — de·liv·ery n pl er·ies: an act that shows a transferor s intent to make a transfer of property (as a gift); esp: the transfer of possession or exclusive control of property to another actual delivery: a delivery (as by hand or shipment) of actual …   Law dictionary

  • tender — An offer of money. The act by which one produces and offers to a person holding a claim or demand against him the amount of money which he considers and admits to be due, in satisfaction of such claim or demand, without any stipulation or… …   Black's law dictionary

  • delivery — The transfer of the cash commodity from the seller of a futures contract to the buyer of a futures contract. Each futures exchange has specific procedures for delivery of a cash commodity. Some futures contracts, such as stock index contracts,… …   Financial and business terms

  • tender — an offer in writing to carry out work, which has been specified by another person. The offer quotes a fixed price, which will be charged for doing the work. Glossary of Business Terms To offer for delivery against futures. Bloomberg Financial… …   Financial and business terms

  • Tender — To offer for delivery against futures. The New York Times Financial Glossary * * * ▪ I. tender tender 2 verb 1. [intransitive] COMMERCE to make a formal offer to do a job or provide goods or services at a particular price: tender for • The… …   Financial and business terms

  • Delivery — The tender and receipt of an actual commodity or financial instrument in settlement of a futures contract. The New York Times Financial Glossary * * * delivery de‧liv‧er‧y [dɪˈlɪvri] noun deliveries PLURALFORM 1. [countable, uncountable] the act …   Financial and business terms

  • tender of performance — An offer by the obligor to perform a contract according to its terms and conditions. An offer of performance, one of the effects of which is to place the other party unjustifiably refusing it in default, and to permit the party making the tender… …   Ballentine's law dictionary

  • perfect tender rule — n: a rule that permits a buyer to reject goods if they or the tender of delivery fail to conform to contract in any respect the perfect tender rule is preserved to the extent of permitting a buyer to reject goods for any defects Ramirez v.… …   Law dictionary

  • Perfect tender rule — The perfect tender rule refers to the legal right for a buyer of goods to insist upon perfect tender by the seller. In a contract for the sale of goods, if the goods fail to conform exactly to the description in the contract (whether as to… …   Wikipedia

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