Asked by Tennille Rankin on Sep 30, 2024
Performance under a contract must be within a reasonable time when:
A) the value of the contract is high.
B) one of the parties is a government agency.
C) a specific time is implied in the contract.
D) no time for performance is expressly stated in the contract.
Reasonable Time
A period which is fair and appropriate under the circumstances, considering the specific context of the situation.
Government Agency
An organization part of the government, established to perform specific functions or services.
- Comprehend the significance of time periods and their effects on the execution of contracts.
Learning Objectives
- Comprehend the significance of time periods and their effects on the execution of contracts.