Tender in Europe
Definition of Tender
An offer; e.g., by a debtor to his creditor of the amount of the debt. The offer must be in money, which must be actually produced to the creditor, unless by words or acts he waives production. If a debtor has made a tender and continues ready to pay, he is exonerated from liability for the non-payment, but the debt is not discharged. Therefore if he is sued he should plead the tender and pay the money into Court under Order XXII, r. 3, when he will normally be entitled to judgment for his costs.
Money is said to be legal tender when a creditor cannot refuse to accept it in payment of a debt. Coins issued by the Royal Mint for circulation in the United Kingdom are legal tender ; gold coins up to any amount, silver up to 2, and bronze coins up to Is. (Coinage Act, 1870, s. 4.) Gold coins coined at certain colonial mints, notes of the Bank of England (q-v.) and Treasury notes are also legal tender. See Spencer v. Harding; G. N. Ity. Co. v. Witham
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Tender in other legal encyclopedias
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Tender | Tender in the International Legal Encyclopedia. |
Tender | Tender in the American Legal Encyclopedia. |
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Tender | Tender in the UK Legal Encyclopedia. |
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Tender | Tender in the Family Law Portal of the European Encyclopedia of Law. |
Tender | Tender in the IP Portal of the European Encyclopedia of Law. |
Tender | Tender in the Commercial Law Portal of the European Encyclopedia of Law. |
Tender | Tender in the Criminal Law Portal of the European Encyclopedia of Law. |
Tender | Tender in the Family Law Portal of the European Encyclopedia of Law. |
Tender | Tender in the Civil Law Portal of the European Encyclopedia of Law. |
Tender | Tender in the Constitutional Law Portal of the European Encyclopedia of Law. |
Tender | Tender in the Taxation Law Portal of the European Encyclopedia of Law. |
Tender | Tender in the Banking and Finance Law Portal of the European Encyclopedia of Law. |
Tender | Tender in the Employment and Labour Portal of the European Encyclopedia of Law. |
Tender | Tender in the Injury and Tort Law Portal of the European Encyclopedia of Law. |
Tender | Tender in the Environmental Law Portal of the European Encyclopedia of Law. |
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Notice
Definition of Tender is, temporally, from A Concise Law Dictionary (1927). This page needs to be proofread.
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