Which Is Similar to the Impossibility and Impracticability Rule

question 8

Multiple Choice

Which is similar to the impossibility and impracticability rule?

• A) Frustration of purpose and improbability
• B) Frustration of duty and termination of performance
• C) Performance frustration and terminated effort
• D) Terminated duty and frustration of performance

---

Definitions:

Business Assets

Resources owned by a business that have economic value and can be used to generate income or provide future benefits.

Liabilities

Financial obligations or debts that a company owes to external parties, which need to be settled over time.

Liquidity

Liquidity is the ability of an asset to be quickly converted into cash or other assets without significant loss of value, indicating a company's ability to meet its short-term obligations.

Asset Management

The practice of effectively managing a company's tangible and intangible assets to maximize their value.