Building restoration, inc. (bri), an enters into a contract to refurbish an old train depot for casual dining, inc., to open as an eat up restaurant.- If bri completes most of the work promised in the contract, its performance will be:________. a. damages for the uncompleted portion. b. nothing. c. reformation. d. specific performance

Business · High School · Mon Jan 18 2021

Answered on

If Building Restoration, Inc. (BRI) completes most of the work promised in the contract, its performance will typically be evaluated in terms of substantial performance. In this context, the correct option is:

a. Damages for the uncompleted portion.

When a party substantially performs its contractual obligations, it means that they have completed most of the work but might have some minor deficiencies or uncompleted portions. In such cases, the non-breaching party may be entitled to damages for the uncompleted portion or any defects that need correction. The goal is to compensate the non-breaching party for any shortcomings in the performance. The remedy sought is usually monetary rather than specific performance or reformation of the contract.

Related Questions