alternative contract

A contract in which the performing party may elect to perform one of two or more specified acts to satisfy the obligation; a contract that provides more than one way for a party to complete performance, usu. permitting that party to choose the manner of performance.

— Also termed alternative-methods-of-performance contract. [Cases: Contracts 172. C.J.S. Contracts §§ 341, 506; Trading Stamps and Coupons §§ 7–9.]

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词条贡献者

译者Peter，毕业于亚洲顶尖的高级翻译学院，擅长翻译各种与复杂金融产品相关的法律文件。