Under CISG,all of the Following Are Requirements to Excuse Nonperformance

question 39

Multiple Choice

Under CISG,all of the following are requirements to excuse nonperformance of a contract except:

• A) an impediment is beyond a party's control.
• B) an impediment was not reasonably foreseeable at the time contract was concluded.
• C) notice of the impediment was given to the other party.
• D) the impediment is of such a monetary value as to shock the conscience.

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Definitions:

Insurance Premiums

Payments made to an insurance company in exchange for coverage, which can be due monthly, quarterly, or annually.

Straight-life Policy

A type of life insurance policy where premiums are paid throughout the policyholder's lifetime, with benefits paid out upon death.

Maximum Loan

The largest amount of money that one can borrow from a lender under specified terms.

Insured

An insured individual is someone who is covered under an insurance policy, protecting them against certain risks or losses.