A Contract Is Substantially Performed When Performance Creates Substantially the Same

question 46

True/False

A contract is substantially performed when performance creates substantially the same benefits as those promised in the contract.

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Definitions:

Market Segments

The process of dividing a target market into smaller, more defined categories based on characteristics like demographics, needs, priorities, common interests, or other psychographic or behavioral criteria.

Responsive

This term often refers to technology or design that automatically adjusts to the device it's viewed on, ensuring an optimal user experience.

Profitable

The state of yielding financial gain or benefit, where the income generated from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.

Personal Care Products

Consumer products used for personal hygiene and for beautification, such as cosmetics, soaps, lotions, and dental care items.