As a General Rule, a Contract Must Be Fully Performed

question 69

Multiple Choice

As a general rule, a contract must be fully performed before any payments are made. Which is an exception to this rule?

• A) Substantial performance
• B) Conditions
• C) Operation of law
• D) Incapacity

---

Definitions:

Buying Power

Represents the capacity of an individual or group to purchase goods and services, influenced by income levels, inflation, and market conditions.

Pricing Infatuation

An obsession or excessive focus on the pricing aspect of a product or service rather than its value or other attributes.

Price Cutting

A competitive strategy whereby a company lowers its product prices to attract customers and increase market share.

Sales Volume

The total number of units of a product sold within a specific time period.