Examlex

Solved

Identify and Discuss the Two Common Methods of Production Planning

question 52

Essay

Identify and discuss the two common methods of production planning.


Definitions:

Partial Performance

An exception to the statute of frauds in which the performance of portions of an unwritten agreement by one or both parties can constitute proof that an oral contract exists between the parties.

Significant Performance

A legal concept in contract law indicating that a party has fulfilled enough of its contractual obligations to warrant payment.

Express Conditions

Clearly stated stipulations in a contract that must be met for contractual obligations to be performed or for certain outcomes to take place.

Discharge

The completion, termination or nullification of a legal obligation or duty.

Related Questions