Which of the Following Is Subject to the "Substantial Performance

question 70

Multiple Choice

Which of the following is subject to the "substantial performance" standard in the absence of an express condition?

• A)A promise to pay money
• B)A promise to deliver a deed
• C)A promise to build a house
• D)A promise to deliver some goods

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Definitions:

Small Business Investment Companies (SBICs)

Specially licensed firms that provide venture capital, long-term loans, and other financial support to small and medium-sized businesses.

Securities Registration

The process of registering securities with regulatory bodies, a crucial step for companies seeking to issue stocks or bonds to the public.

Employee Stock Ownership Plan (ESOP)

A program that allows employees to own a stake in the company they work for, typically through the allocation of stock shares.

Tax-Qualified

Pertains to financial accounts or plans that meet government standards for receiving tax advantages.