Cutter v Powell enunciated the rule that 1) performance of a contract must be exact and precise. the defaulting party can still claim for the contractual amount after deducting off the cost of rectification if there was substantial performance by the defaulting party (3) each portion of the contract is capable of a separate discharge if the contract is divisible 4) the innocent party is entitled to recover on a quantum meruit basis if complete performance was prevented by the other party Next Page Page 3 of 17