• Law
College

An equitable rule that states 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

Answer :

Final answer:

Substantial performance is an equitable rule that allows for a contract to be considered complete if the essential purpose of the agreement is achieved, even if the terms are not exactly met.


Explanation:

The 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 substantial performance.


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