Final answer:
Noncompliance is the term used to describe a situation where a party doesn't perform according to a contract's stipulations despite completing the majority of the contract's requirements. It can have legal consequences and often requires recourse through the court system.
Step-by-step explanation:
When a party performs the majority of the contract's requirements but does not perform according to the contract's stipulations, it is considered noncompliance. Noncompliance refers to the failure to meet the terms outlined in the contract, even if the majority of the work has been completed.
For example, let's say there is a construction contract where a contractor is supposed to use high-quality materials, but they use subpar materials instead. Even if they have completed most of the construction, their use of subpar materials would be considered noncompliance because it does not adhere to the stipulations of the contract.
Noncompliance can have legal consequences, and the affected party may seek recourse through the court system to enforce the terms of the contract.