Asked by Rajkishore Mishra on Jun 11, 2024
Verified
When all aspects of the parties' duties under the contract are executed perfectly, which of the following occurs?
A) Complete performance
B) Substantial performance
C) Significant performance
D) Absolute performance
E) Approved performance
Complete Performance
Contract performance that occurs when all aspects of the parties’ duties under the contract are carried out perfectly.
Substantial Performance
Refers to a situation where a party has completed most of a contract's terms, fulfilling enough of the contract to warrant payment, though some minor elements may still be needed.
- Determine and elucidate the various kinds and prerequisites for performance in fulfilling contractual obligations.
Verified Answer
BM
Barbara McVeayJun 12, 2024
Final Answer :
A
Explanation :
Complete performance occurs when all aspects of the parties' duties under the contract are executed perfectly, fulfilling all contractual obligations as agreed.
Learning Objectives
- Determine and elucidate the various kinds and prerequisites for performance in fulfilling contractual obligations.
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