Introduction: In an auction sale, buyers bid against each other to purchase goods or property. Two important terms used in auction sales are tender and bid. However, they have different meanings and implications.

Tender: A tender is an offer made by a potential buyer to purchase goods or property at a certain price. It is a written or verbal proposal made by a buyer to the seller. A tender is an invitation to offer, which means that it is not binding on the seller. The seller can accept or reject the tender, and may also ask for modifications to the terms and conditions of the tender.

Bid: A bid, on the other hand, is an offer made by a buyer to purchase goods or property at a certain price in an auction sale. Unlike a tender, a bid is a binding offer made by the buyer. The highest bidder at an auction sale is usually the successful buyer.

Difference between Tender and Bid: The main difference between a tender and a bid is that a tender is an invitation to offer, while a bid is a binding offer. A tender is usually made before an auction sale, while a bid is made during an auction sale. A tender can be made by anyone, while a bid can only be made by a registered bidder.

Conclusion: In summary, a tender is an offer made by a potential buyer before an auction sale, while a bid is an offer made by a registered bidder during an auction sale. A tender is an invitation to offer and is not binding on the seller, while a bid is a binding offer.

Option B is correct because tender ke sath sath bid bhi hai, jo ki ek binding offer hai, agar Khali tender hota toh invitation to offer hota