Which of the following statements is true of a situation in which a party to a contract substantially performs its obligations to the contract?
A) The contract is said to be materially breached.
B) The party will be entitled to full recovery under the contract.
C) The contract immediately becomes void.
D) The party may be entitled to a partial recovery under the contract.
E) The party's performance is said to be as good as completed.

Question

Quizplus · Accepted Answer

A party who substantially performs may be entitled to a partial recovery under the contract. Substantial performance represents a less-than complete performance. However, the work done is sufficient to avoid the claim of a breach.

Which of the Following Statements Is True of a Situation