If the Subject Matter of a Contract Is Destroyed, the Contract

question 23

True/False

If the subject matter of a contract is destroyed, the contract is discharged because performance is impossible.

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Definitions:

Recent Recession

Refers to the period of temporary economic decline during which trade and industrial activities are reduced, generally identified by a fall in GDP in successive quarters.

Previously in a Restaurant

A phrase indicating someone's past work experience or activities located within a restaurant setting.

Federal Reserve

The central banking system of the United States, responsible for regulating the nation's monetary policy and overseeing the banking system.

Business Borrowing

The act of obtaining funds from lenders or financial institutions by businesses to finance operations, growth, or investments.