Which of the following conditions need not be satisfied for substantial performance?Multiple choice question.The formation of a contract between a merchant obligor and a non-merchant obligeeNo willful departure from the terms of the agreementAn honest effort to complete all of the contract termsCompletion of nearly all of the terms of the agreement
Question
Which of the following conditions need not be satisfied for substantial performance?Multiple choice question.The formation of a contract between a merchant obligor and a non-merchant obligeeNo willful departure from the terms of the agreementAn honest effort to complete all of the contract termsCompletion of nearly all of the terms of the agreement
Solution
The condition that need not be satisfied for substantial performance is "The formation of a contract between a merchant obligor and a non-merchant obligee". Substantial performance is a term used in contract law to refer to a degree of performance of a contract which isn't full and complete performance, but is so nearly equivalent that it would be unfair to deny the contractor the payment agreed upon in the contract. It doesn't necessarily require the formation of a contract between a merchant obligor and a non-merchant obligee.
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