Asked by Princess Ritsu on Jun 11, 2024
Verified
The two types of performance include substantial performance and nominal performance.
Substantial Performance
A principle in contract law that allows a contracting party to be considered as having fulfilled its obligations, so long as the crucial elements of the contract have been completed, even if minor details are unfinished.
Nominal Performance
A minimal or token action that barely meets the terms of a contract, often used to avoid breaching the agreement.
- Ascertain and explicate the assorted types and conditions essential for performance in contract completion.
Verified Answer
CH
Charlotte HarrisJun 13, 2024
Final Answer :
False
Explanation :
The two types of performance in contract law are substantial performance and complete performance. Nominal performance is not a recognized category.
Learning Objectives
- Ascertain and explicate the assorted types and conditions essential for performance in contract completion.
Related questions
Completion of All of the Terms of a Contract Is ...
When All Aspects of the Parties' Duties Under the Contract ...
For Complete Performance to Take Place, the Conditions Expressly Stated ...
A Party Who in Good Faith Performs Substantially All of ...
Which of the Following Are the Two Primary Kinds of ...