Substantive performance in contract law means that a contract has been completed to an adequate extent, allowing the party who fulfilled most of their responsibilities to receive payment. This doctrine protects parties who were unable to perform exact obligations due to circumstances beyond their control. It is the opposite of the perfect supply doctrine, where […]
Substantive consolidation combines the assets and liabilities of closely related debtors into a single entity during bankruptcy proceedings. It can speed up the process but carries risks for creditors. Creditors may miss out on payments, and judges must consider whether to pool assets and liabilities. Interested parties may comment on the proceedings, and high-profile cases […]
