Which of the following best describes 'performance' in contract law?

In contract law, 'performance' refers specifically to the completion of the obligations outlined in a contract. This means that when a party performs their duties as stipulated in the agreement, they are fulfilling their contractual obligations. Performance encompasses all actions that each party is required to undertake according to the terms of the contract, such as delivering goods, providing services, or making payments.

Negotiating contract terms involves discussions before an agreement is finalized, making it a preliminary step rather than performance. Reviewing the contract after completion pertains to evaluating what was executed or assessing whether the terms were met, which comes after performance has occurred. Rejecting the terms of the agreement means a party is not accepting the contract, which is contrary to the idea of performing obligations. Therefore, executing the obligations of the contract is the most accurate representation of 'performance' in the context of contract law.