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The final assembly schedule in a JIT system
Objective Impossibility
A situation where the fulfillment of a contract is literally impossible due to circumstances beyond the control of the involved parties.
Subjective Impossibility
A situation where a party to a contract feels personally unable to perform their obligations, but the performance may still be possible by someone else.
Commercial Impracticability
A legal doctrine allowing parties to suspend or terminate their contractual obligations when unexpected events fundamentally alter the nature of the contract and performance becomes unfeasibly burdensome.
Substantial Performance
A concept in contract law where a party has completed enough of the contract to warrant payment, though some minor elements may still need to be finished.
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