Substantial Performance, Such as Delivering 98 Percent of the Goods

question 76

True/False

Substantial performance, such as delivering 98 percent of the goods ordered, is generally not considered acceptable, and so is a breach of contract.

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Definitions:

Rights

Legal, social, or ethical principles of freedom or entitlement.

Contract

A legally binding agreement between two or more parties that delineates the terms of their relationship and obligations to each other.

Vesting

The process by which an employee earns the right to receive full benefits from the employer's contribution to a pension plan or stock option plan over time.

Completed

The state of having finished all parts or aspects of a particular task or process successfully.