Which of the Following Is Subject to a "Substantial Performance

question 51

Multiple Choice

Which of the following is subject to a "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:

Process Costing System

Accounting methodology used for homogeneous products, calculating costs at each stage of the manufacturing process.

Mass-Produced

Items or products manufactured in large quantities using automated processes and standardized components, allowing for economies of scale.

Continuous Fashion

This typically means ongoing or uninterrupted, often used in contexts like operations or processes that do not stop or pause.

Identical

Exactly the same, without any difference.