Question: An equitable rule that if a good - faith attempt to perform does not precisely meet the terms of an agreement, the agreement will still

An equitable rule that if a good-faith attempt to perform does not precisely meet the terms of an agreement, the agreement will still be considered complete if the essential purpose of the contract is accomplished is referred to as a(n)
a. material breach
b. substantial performance
c. perfect tender rule
d. inadequate performance
 An equitable rule that if a good-faith attempt to perform does

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!