Asked by Cameron Conley on Apr 28, 2024
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Promising to pay when goods are delivered is an example of substantial performance.
Substantial Performance
In contract law, the situation that results when a party to a contract, in good faith, executes all the promised terms and conditions of the contract with the exception of minor details that do not affect the real intent of their agreement.
Promising
pertains to showing signs of future success or positive outcomes.
Goods
Tangible, movable items or merchandise that can be bought, sold, or traded, excluding real estate.
- Acquire knowledge about the idea of performance, significant execution, and the ramifications of non-fulfillment in contract agreements.
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Learning Objectives
- Acquire knowledge about the idea of performance, significant execution, and the ramifications of non-fulfillment in contract agreements.
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