Asked by OfficialAuzzi Clitnovici on Apr 28, 2024
Verified
Tender of payment requires the buyer of goods to offer legal tender only.
Tender of Payment
The act of offering to pay a debt or an obligation, usually by offering the exact amount due in a legally recognized form.
Legal Tender
Money that may be offered legally in satisfaction of a debt and that must be accepted by a creditor when offered.
Buyer
An individual or entity that purchases goods or services.
- Gain insight into the importance of delivery and payment tender in the fulfillment of sales agreements.
Verified Answer
LG
Lakyra GarthMay 03, 2024
Final Answer :
False
Explanation :
Tender of payment does not require the buyer to offer legal tender only; payment can be made through various means such as check, credit card, or electronic transfer. However, the seller is not obligated to accept any specific form of payment unless it has been previously agreed upon.
Learning Objectives
- Gain insight into the importance of delivery and payment tender in the fulfillment of sales agreements.