Promising to pay when goods are delivered is an example of substantial performance.

Name: Promising to pay when goods are delivered is an example of substantial performance.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Promising to pay when goods are delivered is an example of an executory contract, where performance is yet to be completed. Substantial performance refers to a situation where a party has fulfilled the major requirements of a contract, even though there may be minor deficiencies.

Promising to Pay When Goods Are Delivered Is an Example