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:

Closely Held Corporation

A business entity owned by a small group of shareholders where shares are not publicly traded and often involve family members.

Without Restriction

A term indicating that something can be used, accessed, or done freely without any limitations or conditions.

Creditors

Individuals or institutions to whom money is owed by debtors, or people who have borrowed money.

Shareholders

Individuals or entities who own one or more shares of stock in a corporation, making them partial owners of the company.