Asked by Karen Montenegro on May 22, 2024
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.
Verified Answer
Learning Objectives
- Comprehend the notion of performance, substantial performance, and the consequences of failing to perform in contractual agreements.
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