Essentials of a valid tender
It must be unconditional
Manju purchased shares of ABC & company by paying allotment money. Manju was ready to pay for first call and final call money, if the company was ready to issue debentures to her at par. Such is a conditional tender.
It must be made at a proper time and place
Raj offers to deliver the goods contracted to Mohan at 1 A.M. It is not a valid tender since it is not during the business hours.
It must be for the entire obligation
X entered into contract with Y for sale of 100 bags of wheat and delivery of the same was to be done on 14th February. X tendered only 50 bags on the date of performance. Such part delivery does not amount to a valid tender.