Asked by Jessica Hegyi on May 07, 2024
Verified
Completion of all of the terms of a contract is required for substantial performance.
Substantial Performance
A level of performance of a contract deemed acceptable even if it does not comply with all terms, due to substantial compliance with the contract.
- Recognize and describe the different categories and necessities for performance in the execution of contracts.
Verified Answer
MM
Maria MonarcaMay 13, 2024
Final Answer :
False
Explanation :
Substantial performance is a legal concept where if a party has performed enough of the contract to warrant payment, even if all terms have not been fully completed, they are considered to have substantially performed. This does not require the completion of all terms of a contract.
Learning Objectives
- Recognize and describe the different categories and necessities for performance in the execution of contracts.
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