________ is a situation in which a party to a contract renders performance exactly as required by the contract.
A) Substantial performance
B) Strict performance
C) Anticipatory repudiation
D) Restitution

Question

Quizplus · Accepted Answer

Strict performance is when a party to a contract performs exactly as required by the contract, leaving no room for any deviation or errors. Substantial performance, on the other hand, allows for minor deviations from the contract terms but still fulfills the basic obligations. Anticipatory repudiation is when a party indicates, in advance, their unwillingness or inability to perform under the contract. Restitution involves returning the benefits received from a contract if the contract is deemed unenforceable or invalid.

________ Is a Situation in Which a Party to a Contract