Law, 06.05.2021 22:10 guazet7650

A tender required a deposit of $100,000 which, the tender document stipulated, would be forfeited if the tender was withdrawn. The contractor after submitting both tender and
deposit, then tried to change his tender but was denied the contract went to another
company and the deposit was not returned.

Is it a Vaild Contract? If yes, why? If no, what is missing or incorrect?

Answers: 3

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A tender required a deposit of $100,000 which, the tender document stipulated, would be forfeited...

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