Asked by
Leslie Leola
on Nov 30, 2024Verified
Which of the following is true with respect to substantial performance?
A) It is not used in the construction industry.
B) Substantial performance is performance that, though incomplete, does not defeat the purpose of the contract.
C) When one party to a contract has substantially performed, the other party cannot recover damages for the imperfect performance.
D) An express condition need only be substantially performed.
Substantial Performance
A concept in contract law where a party has completed enough of the contract to warrant payment, though some minor elements may still need to be finished.
Construction Industry
A sector of the economy focused on the planning, designing, and building of infrastructure and buildings.
- Comprehend the fundamentals of substantial performance and their impact on contractual duties and solutions.
Verified Answer
MC
Learning Objectives
- Comprehend the fundamentals of substantial performance and their impact on contractual duties and solutions.