Only a Few States Recognize the Doctrine of Commercial Impracticability

question 27

True/False

Only a few states recognize the doctrine of commercial impracticability as an excuse for nonperformance of contracts.

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Definitions:

Victor Vroom

A psychologist known for his work on the expectancy theory of motivation, which explains how individuals choose among different behaviors based on their expectations of the outcomes.

Expert System

An expert system is a computer program that uses artificial intelligence to emulate the decision-making abilities of a human expert.

Five-Point Scale

A commonly used rating system with five options that allow individuals to express a range of judgments about a particular subject.

Participative Styles

Leadership or decision-making approaches that involve team members or stakeholders in the process of making decisions.