BUS3101.E1ex2

BUS3101.E1ex2 - Name: Exercise 2 Answer Sheet and Essay...

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Name: Exercise 2 Answer Sheet and Essay Responses 1. D 42. D 2. B 43. A 3. B 44. A 4. D 45. C 5. D 46. B 6. D 47. C 7. B 48. D 8. C 49. C 9. B 50. C 10.A 51. A 11.B 52. B 12.C 53. D 13.D 54. C 14.C 55. C 15.A 56. B 16.C 57. A 17.C 58. C 18.B 59. A 19.C 60. D 20.D 61. D 21.C 62. B
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22.C 63. C 23.B 64. B 24. B 65. D 25.B 66. B 26. A 67. B 27. A 68. A 28. B 69. A 29.B 70. B 30. C 71. C 31.D 72. A 32.A 73. B 33. A 74. C 34.C 75. B 35.D 76. D 36. D 77. B 37.B 78. B 38.D 79. C 39. D 80. C 40.B 81. A 41.D 82. C
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Questions 1 In contract law, Performance is the fulfillment of one’s duties arising under a contract with another, the normal way of discharging one’s contractual obligations. In executing the contract, if one party has fully performed but the other has not, the contract is said to be executed (A fully performed contract) on the one side and executory (a contract not fully performed) on the other. The great majority of contracts are discharged by performance. The contract ends when both parties have performed their respecting duties according to the contract. Performance can also be accomplished by tender, which is an unconditional offer to perform by a person who is ready, willing, and able to do so. There are two basic types of performance: the complete performance and substantial performance. In the complete performance, a party performs exactly as agreed; there is no question as to whether the contract has been performed. When a party’s performance is perfect, it’s said to be complete. In the substantial performance, a party who in good faith performs substantially all of the term of a contract can enforce the contract against
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This note was uploaded on 02/03/2011 for the course BUS 3101 taught by Professor Loyd during the Spring '09 term at Dallas.

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BUS3101.E1ex2 - Name: Exercise 2 Answer Sheet and Essay...

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