As a general rule, a contract must be fully performed before any payments are made. Which is an exception to this rule?

Question

Quizplus · Accepted Answer

Substantial performance is an exception to the general rule that a contract must be fully performed before any payments are made. Under this exception, if one party has substantially performed its contractual duties but has not fully completed them, the other party may be required to make a payment based on the value of the work completed.

As a General Rule, a Contract Must Be Fully Performed