Is a Situation in Which a Party Cannot Legally or Physically

question 84

Multiple Choice

is a situation in which a party cannot legally or physically perform the contract.

• A) Impossibility of performance
• B) Condition precedent
• C) Condition subsequent
• D) Novation

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Definitions:

Expiration Dates

The specified dates after which a product, especially food or medicine, is not guaranteed to be safe or effective and should not be used.

Periodic Supplies

Items or materials that are regularly replaced or replenished over a specified period due to use or expiry.

Reordered

The process of placing a new order for goods or services that were previously ordered or purchased, often to replenish stock or resources.

Inventory Schedule

The planned timing and methodology for counting and evaluating inventory to ensure accurate stock levels.