Contracts
In New York, a 'tender' in a real estate context means:
AA written offer to purchase property
BFormally offering to perform under a contract (e.g., appearing at closing ready, willing, and able to close) which may be required to put the other party in default✓ Correct
CAn electronic funds transfer at closing
DThe act of submitting a deed for recording
Explanation
Tender is the act of formally offering to perform one's contractual obligations (appearing at the scheduled closing with the required funds or documents). In New York, a party who has tendered but whose counterpart failed to perform may claim breach and seek damages or specific performance.
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