BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The acceptance of a lesser performance is called
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Restitution
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Ratification
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Remission
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Rescission
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Explanation:
Detailed explanation-1: -Remission means acceptance of lesser amount, or lesser degree of performance than what was contracted for in full discharge of the contract. According to Sec. 63 a party may: (a) Dispense with or remit performance wholly or in part; or. (b) Extend the time for performance; or.
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