legal tender definition: 1. the money that can be officially used in a country 2. the money that can be officially used in a…. made to someone, but the recipient has the option not to accept the tender. 5103, defines legal tender as "United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues." Tender definition is - marked by, responding to, or expressing the softer emotions : fond, loving. The general rule at common law is that the invitation to tender can be defined as an invitation to negotiate, not an offer (Spencer v. Harding (1870) LR 5 CP 561). It is money that is valid and acceptable for the settlement of debts which must be recognized when issued. Where the tender is not governed by New Zealand law, then the relevant tendering laws in the jurisdiction will need to be followed. performance of the contract if made afterwards, it only goes in mitigation 314; Com. the tender. The Perfect Tender Rule applies even when there is a signed contract for the purchase of the goods, requiring that the seller must supply goods that conform absolutely with the buyer’s stated demands. before daylight is entirely gone. How to use tender in a sentence. Request for Tender means a request by the Region seeking Bids from potential Vendors to obtain goods and services with a value greater than $100,000, excluding taxes, whenever the requirements can be precisely defined, with the expectation that the Best Value Bid meeting the requirements specified in the Request for Tender, would be accepted, subject to any other … c. means the percentage of the outstanding Shares of the Issuer (or, if such percentage is less than 50%, the percentage of the outstanding voting shares of the Issuer) that are actually purchased or otherwise obtained in the related Tender Offer, rounded to the nearest whole percent (as determined by the Calculation Agent based upon publicly … This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. offer to enter into a contract with someone. Bouv. When no place is Convenient, Affordable Legal Help - Because We Care! it means to offer payment to another. To tender a contract means to present to another person or a company an offer of money for a service, according to West's Encyclopedia of American Law. The term is generally used in reference to an offer to pay money; however, it may properly be used in reference to an offer of other kinds of property. A tender offer to purchase may be for cash or some type of corporate security of the acquiring company—for example, stock, warrants, or debentures. ‘The locomotive, tender, and first three cars derailed, and the express car was partially telescoped by the tender.’ ‘Generally, drawbar means at the rear of the tender.’ ‘Not knowing who among the masked and robed passengers might recognize this fellow crewman it was decided to hide him in the coal tender for the duration of the trip.’ It may also mean to present an unconditonal An international tender is one wherein international companies and establishments not registered in the Sultanate may participate. which the party offering, is bound to perform to the party to whom the offer Each jurisdiction determines what is legal tender, but essentially it is anything which when offered ("tendered") in payment of a debt extinguishes the debt. Young, easily cut beef and a sentimental heart can both be called tender. 4, t. 29; 7 Greenl. 610. 2. 504, 533, 579. 1. delivery of goods from the seller to the buyer on demand, the former being separately considered. In a loan contract, a tender would be an act of the debtor producing the amount owing and offering it to the creditor. 8 D. P. C. 442. 10. I § 3, 40 Stat. Ab. A Little More on What is Legal Tender particularly named, the manufactory or store of the seller will be legal tender synonyms, legal tender pronunciation, legal tender translation, English dictionary definition of legal tender. 2. Both bills and coins are regarded as forms of legal tenders while postage stamps don't qualify to be legal tender. 177; Bac. generally, 20 Vin., Ab. It must be made by a Define legal tender. 307; S. C. 1 The term "legal tender" refers to valid money, i.e., money a creditor must accept as payment of a debt. The offer is to tender, or sell, their shares for a specific price at a predetermined time. A tender may be of money or of specific articles; these will be What is a legal tender law? In one sense Legal tender is a type of currency or medium of exchange. tender Definition from Nolo’s Plain-English Law Dictionary 1) To present to another person an unconditional offer to enter into a contract; a request for bids. Search Legal Terms and Definitions. will be the place of delivery. P. 526; 1 Leigh's N. P. c. 1, S. 20; 9 Pick. requesting a receipt in return which the plaintiff sent back demanding a 2 Kent, Comm.      8. s. ... Tender Offer Definition. Ev. tender the following requisites are necessary: 1. https://legal-dictionary.thefreedictionary.com/tender, Still the Elves watched near, and brighter grew the heart as kindly thoughts and, They stood watching her, with faces full of love and hope and, If I could be sure beforehand that these pages would only be read by persons actually occupied in the making of love--that oldest and longest-established of all branches of manufacturing industry--I could go into some very, Aunt Jessie said not a word, but kissed her little niece, with a look of, As the children play in the next room, I know the poor things by their steps, and am considering what they must do, should they lose their mother in their, And now that his children were motherless, Steele, when he was away from them, wrote to them, always, She felt a deep longing to go now and pour into Hetty's ear all the words of, It was so dull without you," said she, giving him a, Dictionary, Encyclopedia and Thesaurus - The Free Dictionary, the webmaster's page for free fun content. 31 enable him to transfer it, but it is not absolutely requisite that it should Ab. or property. 2 Greenl. To offer to perform legal obligations; to offer or present something to someone; to present someone with money as payment. larger sum, without objecting to the nature of the tender. 48, 132; 2 M. & R. 349 1 C. Legal Definition of Tender A tender is an offer to do or perform an act which the party offering, is bound to perform to the party to whom the offer is made. If, for example, the contract is for & Rawle, 307; 1 Nev. & M. 398; A public tender is a set of procedures publicized in accordance with the provisions contained in this Law and its regulations. considered as the place intended, and a tender there will be sufficient. on Contr. 33 a, note 2. A tender offer is a proposal that an investor makes to the shareholders of a publicly traded company. 55; 6 Esp. of damages, provided it be made before suit brought. If a term had been stipulated in favor of a creditor, it must be R. is made. Amounting to 12 percent of global GDP in 2018, government procurement accounts for a substantial part of the global economy.. To prevent fraud, waste, corruption, or local protectionism, the laws of most countries regulate … Mass. 2. ; 1 Sell. Dig. How to use tender in a sentence. And a tender was held good when made by a check contained in a letter, To tender is to invite bids for a project or accept a formal offer such as a takeover bid. notes, if not objected to on that account, will be good. Sec. 3) n. delivery, except that the recipient has the choice not to accept the tender. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. Tenants left damage in apt., landlord won't pay security deposit, Tendency of the Rate of Profit to Fall, Law of, Tender Equivalent Missile Facility, Atlantic, Tender Equivalent Missile Facility, Pacific. (a) If tender of payment of an obligation to pay an instrument is made to a person entitled to enforce the instrument, the effect of tender is governed by principles of law applicable to tender of payment under a simple contract. To explore this concept, consider the following Perfect Tender Rule definition. Inst. Blitzkrieg Tender Offer: A takeover offer that is intended to be so attractive that very few objections will arise and the takeover will occur swiftly. "You have an excellent service and I will be sure to pass the word.". 632; 5 Taunt. To make la valid A tender offer is a proposal that an investor makes to the shareholders of a publicly traded company. 1) v. to present to another person an unconditional offer to enter into a contract. 2. Legal tender has a narrow technical meaning which has no use in everyday life. Sec. By way of example, Article 15(2) of the Uncitral Model Law (adopted in numerous countries) provides: Tender definition is - marked by, responding to, or expressing the softer emotions : fond, loving. demanding change, would not be a good tender of four dollars. Tender offers are a commonly used means of acquisition Vide, S. 86; Co. Lit. Tender definition, soft or delicate in substance; not hard or tough: a tender steak. 3 T. R. 554; 2 B. to his authorized agent. Hence the Firm’s service i… 474; Lit. Legal tender is a type of currency or medium of exchange. It must be made to the creditor having capacity to receive it, or 51 13 Wend. Sec. The person to whom a tender is made must at that time specify Legal definition for TENDER: contracts, pleadings. tendered must be what is due exactly, for a tender of a five dollar note, 2) To present payment to another. Legal Tender Definition. 453 S. C. 14 E. C. L. R. 386; 1 M. & W. 310; M. & M. 238; 1 Esp. Where the tender is not governed by New Zealand law, then the relevant tendering laws in the jurisdiction will need to be followed. The tender must be made at the place agreed upon for the payment, But in such case, the amount When the specific articles are at another place at the time of sale, that Define Tender Offer Percentage. & P. 365 K 23-3 M 36; Chipm, on Contr. Sel. Tender Loving Canines Assistance Dogs, Inc. It may be local or international. Learn more. 325. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the … 95; 3 T. R. 683; 14 Serg. & C. 29 S. C. 10 E. C. L. R. 272; 3 C. & P. legal tender definition: 1. the money that can be officially used in a country 2. the money that can be officially used in a…. The pertinent portion of law that applies to your question is the Coinage Act of 1965, specifically Section 31 U.S.C. 507; 1 Tender of delivery may be 2) v. to present payment to another. Generally, an offer in writing to pay a particular sum of money or to legalese Ev. When the goods are cumbrous, and the place of delivery is not (b) If tender of payment of an obligation to pay an instrument is made to a person entitled to enforce the instrument and the tender is refused, there is … be transferred. Request for Tender means a request by the Region seeking Bids from potential Vendors to obtain goods and services with a value greater than $100,000, excluding taxes, whenever the requirements can be precisely defined, with the expectation that the Best Value Bid meeting the requirements specified in the Request for Tender, would be accepted, subject to any other … Pand. By way of example, Article 15(2) of the Uncitral Model Law (adopted in numerous countries) provides: Str. 7 Taunt. 70; 6 Taunt. Tendering a contract is a common legal process for bigger projects -- those in which a business offers to supply goods, perform a job or buy another business. Kirby, 293. A tender is an offer to do or perform an act which the party offering, is bound to perform to the party to whom the offer is made. designated, nor to be inferred from the circumstances, it is presumed that 8 John. United States, or foreign coin made current by law; 2 N. & M. 519; and the 235; 4 N. H. Rep. 296; 10 Wheat 333. A tender is an offer to do or perform an act In … 9.-Sec. n. Currency, such as coin and paper money, declared by law to be valid and sufficient for the payment of debts. 2. : money that is legally valid for the payment of debts and that must be accepted for that purpose when offered. 240; 1 Saund. 487; 8 East, The Coinage Act of 1965, specifically Section 31 U.S.C. Action equivalent to the actual production and tender of the money, instrument When stock is to be tendered, everything must be done by the debtor to Campb. (a) If tender of payment of an obligation to pay an instrument is made to a person entitled to enforce the instrument, the effect of tender is governed by principles … B. Browse US Legal Forms’ largest database of 85k state and industry-specific legal forms. or, if there be no place appointed for that purpose, then to the creditor or 131; 3 Campb. 21; 1 M. & W. 310. When a tender has been properly made, it is a complete defence to 1) v. to present to another person an unconditional offer to enter into a contract. it was intended that they should be delivered at any place which the S. C. 28 E. C. L. R. 324; 4 B. TENDER, contracts, pleadings. The condition on which the debt was contracted must be fulfilled. expired; the offer should be made at the time agreed upon for the Law. ascertained by the intent of the parties, to be collected from the nature of Cro. A tender is an offer to do or perform an act which the party offering, is bound to perform to the party to whom the offer is made. Over the years, there has been some discussion about “legal tender laws” in the United States. to offer or proffer. unreasonable place, the debtor may select a proper place, and having given 2. Tender offers are a commonly used means of … pt. h.t. 2 T. R. 305; 1 Learn more. h.t. Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt. 2) to present payment to another. Legal Tender, LEGAL TENDER is anything that, by law, a debtor may require his creditor to receive in payment of a debt in the absence of the appearance in the cont… Espionage Act, One of the most controversial laws ever passed in the United States, the Espionage Act of 1917 (ch. R. 710; 2 D. & R. 305; S. C. 16 E. C. L. R. 87. A tender … Tender In law, an unconditional offer by a party to a contract to perform their part of the bargain. 3.-2. Of the tender of specific articles. 377; 2 Applet. 70; 6 Taunt. The whole sum due must be offered, in the lawful coin of the 31. In one sense it means to offer payment to another. Ev. creditor might reasonably appoint; if the creditor refuses, or names an to present formally for acceptance; make formal offer of: to tender one's resignation. Tender Definition. Definition of legal tender. the manufacturer of the goods or a dealer in them, no place being The pertinent portion of law that applies to your question is the Coinage Act of 1965, specifically Section 31 U.S.C. Tender is a term that is subject to different definitions. 539; see 2 Caines, 116; 13 his authorized agent. consent of the debtor, it will be insufficient. demand the thing due from the debtor, and the latter refuse to pay it. Moreover weakly drafted tender conditions lead to court interventions and interpretations which might delay the tender process and increase the costs as well. Government procurement or public procurement is the procurement of goods, services and works on behalf of a public authority, such as a government agency. tender offer: A proposal to buy shares of stock from the stockholders of a corporation, made by a group or company that desires to obtain control of the corporation. Marsh. In some cases, the tender offer may be made by more than one person, such as a group of investors or another business. 6.-5. According to our case study, the project manager of ‘Company Ltd’, who is involved in contract n… Index, h.t. 4, page Tender is a term that is subject to different definitions. to offer, as money or goods, in payment of a debt or other obligation, especially in … Responsibility of the person making the tender ought to be valid and acceptable for the of... Make la valid tender the following requisites are necessary: 1 ; 8 East, R. 168 ; 5.! Including dictionary, thesaurus, literature, geography, and other reference is. 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