The principle of substantial performance can best be described as which of the following?
A) All or most of contractual obligations are fulfilled.
B) A major term of the contract is mostly fulfilled.
C) Minor terms of the contract are yet to be fulfilled.
D) Minor terms of the contract are disregarded.
E) Only exact compliance with the contract will qualify as performance.

Question

Quizplus · Accepted Answer

The principle of substantial performance means that all or most of the contractual obligations have been fulfilled, even if there are minor deviations or defects in performance. It is not necessary for exact compliance with every term of the contract. This principle is used to determine whether a breach of contract has occurred and whether the non-breaching party is entitled to damages or other relief.

The Principle of Substantial Performance Can Best Be Described as Which