Question

Nett Labs orders 30 desktop computers from iDeal, a local computer dealer. Nett Labs requires that each computer has a 2.6 GHz processor, 500 GB hard disk and Windows operating system. iDeal supplies 30 desktop computers, each with a 2 GHz processor, 500 GB hard disk and Windows operating system. Which of the following terms hold true for iDeal's performance?
A) complete performance
B) material breach
C) substantial performance
D) anticipatory breach

Answer 1

Answer:

C) substantial performance

Explanation:

Substantial performance is a term which is used in contract to refer to when a party in a contract carries out all that is agreed in the contract aside the exception of minor details which can be considered as in consequential.

The parties involved in the contract must meet the standard of substantial performance of the contract only, and performance does not have to be 100 percent perfect.