Performance can constitute the consideration that creates a contractual obligation.

Question

Performance can constitute the consideration that creates a contractual obligation.​

Quizplus · Accepted Answer

Performance can create a contractual obligation, meaning that the parties involved in a contract are obligated to fulfill their duties and responsibilities as per the agreement. This could include delivering goods, completing a service, or adhering to a specified scope of work. Failure to perform as agreed can result in legal consequences.

Performance Can Constitute the Consideration That Creates a Contractual Obligation