Which of the following statements is true of the performance of a contract?
A) Strict performance by a party discharges that party's duties under the contract.
B) Inferior performance constitutes a minor breach of contract.
C) Substantial performance constitutes a material breach.
D) A performance is said to have occurred if one of the parties do not perform their duties as specified in the contract.

Question

Quizplus · Accepted Answer

Strict performance by a party means they have fulfilled their obligations exactly as specified in the contract, thereby discharging their duties under that contract.

Which of the Following Statements Is True of the Performance