Substantial performance occurs ________A) when most of the material elements of a contract are satisfiedB) when all the material elements of a contract are satisfied, even if some nonmaterial requirements may not be satisfiedC) when there is complete and perfect performanceD) when the goods are accepted by the buyer/lesseeE) once the seller/lessor starts to perform

Question

Substantial performance occurs ________A)  when most of the material elements of a contract are satisfiedB)  when all the material elements of a contract are satisfied, even if some nonmaterial requirements may not be satisfiedC)  when there is complete and perfect performanceD)  when the goods are accepted by the buyer/lesseeE)  once the seller/lessor starts to perform

Theresa Dewitt · Accepted Answer

Final Answer : B, Explanation :  Substantial performance occurs when all the material elements of a contract are satisfied, even if some nonmaterial requirements may not be satisfied. This means the essential duties have been performed but there may be minor issues that don't necessarily void the contract's validity.

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