A Contract Is Substantially Performed When Performance Creates Substantially the Same

question 46

True/False

A contract is substantially performed when performance creates substantially the same benefits as those promised in the contract.

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Definitions:

Crisis Management

The process by which an organization deals with major unexpected events that threaten to harm the organization, its stakeholders, or the general public.

Human Resource Conflict

Refers to disputes or disagreements between employees or between employees and management within an organization, often related to working conditions, policies, or interpersonal relationships.

Unplanned Change

Alterations in circumstances or conditions that occur without foresight or preparation, often requiring immediate adaptation.

Technological Change

The process through which new technologies are developed and introduced, leading to changes in productivity, efficiency, and societal impact.