CPA REG · Business Law · Free Lesson

Contract Performance and Discharge

Free CPA REG (Taxation & Regulation) lesson in Business Law. 15 min read, ~2,203 words.

A roofer agrees to install a $40,000 roof using 30-year shingles. He uses an identical-looking 25-year shingle and finishes on schedule. The homeowner refuses to pay anything. The answer turns on substantial performance, materiality of breach, and cost-to-cure, three doctrines the exam ties together in a single fact pattern.

A party who performs in good faith with only minor deviation has substantially performed and can recover the contract price minus the cost to cure. The doctrine exists because the law refuses to let a payor escape an entire bill over a trivial flaw. Three requirements: (1) good-faith effort, (2) minor deviation, (3) not willful.

KEY: Substantial performance does NOT apply to willful breaches. A contractor who deliberately substitutes inferior materials forfeits the doctrine even if the dollar deviation is small.

Recovery is contract price minus the lesser of cost to cure or diminution in value. If tearing out non-conforming pipe would cost $30,000 and the actual market-value loss is $2,000, courts award $2,000.

Read the full lesson, free →
Worked examples and practice. Free with a free account, no card.

Common mistakes

Bottom line

Exam shortcut

When a question shows partial performance with a small defect, default to substantial performance and the lesser-of-two measure unless the breach was willful. For a goods-contract modification, skip the consideration question, UCC §2-209 only requires good faith. Memory aid: "Novation Frees, Delegation Doesn't": only a three-party release escapes original liability.

The full lesson (about 2,203 words, 15 min read) adds 2 worked examples, all 6 common mistakes, a self-check, free in the app.

Learning objectives

Browse all free CPA REG lessons or jump into free CPA REG practice questions.