Actual performance: Actual performance of the contract means the actual discharge of the liability or obligation which a person has undertaken to perform and there remains no other task which he is obliged to discharge under the promise. He is said to have made the actual performance of the promise.
What is contract performance & why is it important?
A critical part of corporate governance, contract performance is the process of tracking how well an organization adheres to the obligations outlined in each of its business contracts. Accurately measuring each aspect of performance against expectation gives any business a truthful and highly valuable snapshot of its day-to-day operations.
What are the two types of performance of a contract?
According to the Section, there are two types of performance which are: Actual performance: Actual performance of the contract means the actual discharge of the liability or obligation which a person has undertaken to perform and there remains no other task which he is obliged to discharge under the promise.
