List the elements required for substantial performance,and explain the effect substantial performance has on the damages awarded in a breach of contract action.

Question

Isabel Lizarraga · Accepted Answer

Final Answer : Substantial performance occurs when the following conditions have been met: a)completion of nearly all the terms of the agreement; b)an honest effort to complete all the terms; and c)no willful departure from the terms of the agreement.Substantial performance discharges the party's responsibilities under the contract,although the court may require that the party compensate the other party for any loss in value caused by the failure to meet all of the standards set forth in the contract.

List the elements required for substantial performance,and explain the effect substantial performance has on the damages awarded in a breach of contract action.

Definitions

Learning Objectives

Learning Objectives

Related questions