Manufacturing Is Considered to Be a ________ Intensive Industry

question 30

Short Answer

Manufacturing is considered to be a ________ intensive industry.

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Definitions:

Substantial Performance

In contract law, the situation that results when a party to a contract, in good faith, executes all the promised terms and conditions of the contract with the exception of minor details that do not affect the real intent of their agreement.

Promising

pertains to showing signs of future success or positive outcomes.

Goods

Tangible, movable items or merchandise that can be bought, sold, or traded, excluding real estate.

Assignor

A person who assigns rights or delegates duties under an assignment.