Which of the Following Best Explains 'Performance Guarantee

question 10

Multiple Choice

Which of the following best explains 'Performance guarantee'? 

• A) Contractor guarantees the actual output or outcome of the work to be delivered. 
• B) Contractor guarantees the actual price of the work to be delivered. 
• C) Contractor guarantees the date of the work to be delivered. 
• D) Contractor guarantees the approximate output or outcome of the work to be delivered.

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Definitions:

Real Property

Pertains to land and anything permanently attached to it, such as buildings, including the rights associated with ownership of land.

Uniform Commercial Code

A detailed collection of regulations for overseeing commercial activities in the USA, aimed at standardizing business statutes nationwide.

Sale of Goods

A commercial transaction in which a seller transfers or agrees to transfer goods to a buyer for a monetary consideration, under terms and conditions.

Writing Requirement

The writing requirement refers to legal stipulations that certain types of contracts or agreements must be in written form to be legally enforceable.