19:12
My crypto also flows in 5 day epochs too.
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Simple English definitions for legal terms
defective performance
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A quick definition of defective performance:
Defective performance is when someone does not fully comply with what they agreed to do in a contract. This can happen if they are late or if they do not do everything they promised. It is important to do what you said you would do in a contract, otherwise you may be responsible for any problems that result from your actions.
A more thorough explanation:
Definition: Defective performance refers to a performance that does not fully comply with the terms of a contract, whether it is partial or complete. It can include late performance or any other failure to meet the agreed-upon terms.
Examples:
- A contractor who fails to complete a construction project on time
- A musician who performs poorly at a concert
- A seller who delivers goods that do not meet the specifications agreed upon in a contract
These examples illustrate how defective performance can occur in various types of contracts, such as construction, entertainment, and sales. In each case, the party responsible for the performance did not fully meet the expectations outlined in the contract, resulting in a defective performance.