Asked by Karen Montenegro on May 22, 2024

verifed

Verified

________ performance occurs when a party,in good faith,executes all promised terms and conditions with the exception of minor details that do not affect the real intent of their agreement.

A) Complete
B) Satisfactory
C) Partial
D) Substantial

Satisfactory Performance

The achievement of work or tasks to a level that meets agreed standards or expectations.

Good Faith

A principle of honesty, fairness, and sincerity in dealings, devoid of intent to defraud or seek unfair advantage.

Minor Details

Small or less important elements or aspects of something that might often be overlooked but can be crucial for completeness and understanding.

  • Comprehend the notion of performance, substantial performance, and the consequences of failing to perform in contractual agreements.
verifed

Verified Answer

YJ
YUYANG JIANGMay 23, 2024
Final Answer :
D
Explanation :
Substantial performance occurs when a party fulfills most of the terms and conditions but may have minor deviations or omissions, which do not affect the primary purpose or goal of the agreement. This performance is considered adequate, and the other party must fulfill their contractual obligations.