Define "Course of Performance," and Discuss Its Relationship to Decisions

question 61

Essay

Define "course of performance," and discuss its relationship to decisions regarding whether goods conform to contract specifications.

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Definitions:

Holder

An individual or entity that legally possesses a financial instrument, such as a check, bond, or stock certificate.

Transfer

The act of moving or conveying something from one person, place, or situation to another.

Note

A note is a brief record of facts, topics, or thoughts, written down as an aid to memory.

Dishonored

A term often used in finance to describe the refusal of a bank to pay a check or draft presented against insufficient funds.