Asked by Natasha Rodriguez on May 22, 2024
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Satisfactory performance exists when the parties' personal tastes have determined that the contracting parties have performed their contractual duties according to the agreement.
Satisfactory Performance
In contract law, the situation that exists when either personal taste or objective standards determine the contracting parties have performed their contractual duties according to the agreement.
Personal Tastes
Individual preferences or likes, particularly relating to aesthetic or consumption choices.
Contracting Parties
The entities or individuals who enter into a contract or legal agreement with each other.
- Understand the concept of performance, substantial performance, and the implications of non-performance in contractual agreements.
Verified Answer
Learning Objectives
- Understand the concept of performance, substantial performance, and the implications of non-performance in contractual agreements.
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