Identify the standard for service contracts,which means that the performing party acted in good faith and conveyed enough benefit of the contract to the other party so that the other party can use it for its intended purpose and that the defects arising under the contract may be remedied by money damages.
A)Personal satisfaction
B)Substantial performance
C)Reasonable person standard
D)Complete performance
E)Strict performance standard

Question

Quizplus · Accepted Answer

The description given in the question matches the definition of Substantial Performance standard, where the performing party must have acted in good faith and conveyed enough benefit of the contract to the other party so that the other party can use it for its intended purpose, and defects arising under the contract may be remedied by money damages.

Identify the Standard for Service Contracts,which Means That the Performing