An agreement that consists of two or more parts and calls for corresponding performances of each part by the parties is called a: a. divisible contract. b. divided contract. c. performance contract. d. partial contract.

Question

Business

Karma Nelson

17 April, 19:53

An agreement that consists of two or more parts and calls for corresponding performances of each part by the parties is called a: a. divisible contract. b. divided contract. c. performance contract. d. partial contract.

+2

Answers (1)

Know the Answer?

Yosef Reese · Answer 1

The answer is a. divisible contract

Explanation:

A divisible contract is a type of contract in which each party's responsibilities and obligations are divided, so that each party can perform their duties independently of the others. This is usually done so that a failure in one aspect of the contract will not result in a failure of the other aspects.

An example of this type of contract is an employment contract, whereby an employee must keep working even if the employer has failed to pay the salary on time. Here, a failure in the performance of the employer will not result in the failure of the performance of the employee.