Examlex
Formal communication consists of all the following except
Conditional Contract
A contract that becomes enforceable only upon the occurrence of certain conditions or the performance of a particular act.
Implied Conditions
Terms and stipulations that, although not expressly stated, are understood to be part of a contract based on the nature of the transaction.
Complete Performance
Contract performance that occurs when all aspects of the parties’ duties under the contract are carried out perfectly.
Substantial Performance
Refers to a situation where a party has completed most of a contract's terms, fulfilling enough of the contract to warrant payment, though some minor elements may still be needed.
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