Asked by Rajkishore Mishra on Jun 11, 2024

verifed

Verified

When all aspects of the parties' duties under the contract are executed perfectly, which of the following occurs?

A) Complete performance
B) Substantial performance
C) Significant performance
D) Absolute performance
E) Approved performance

Complete Performance

Contract performance that occurs when all aspects of the parties’ duties under the contract are carried out perfectly.

Substantial Performance

Refers to a situation where a party has completed most of a contract's terms, fulfilling enough of the contract to warrant payment, though some minor elements may still be needed.

  • Determine and elucidate the various kinds and prerequisites for performance in fulfilling contractual obligations.
verifed

Verified Answer

BM
Barbara McVeayJun 12, 2024
Final Answer :
A
Explanation :
Complete performance occurs when all aspects of the parties' duties under the contract are executed perfectly, fulfilling all contractual obligations as agreed.