Unless One of the Parties Contractually Assumes the Risk, the Discharges

question 16

Multiple Choice

Unless one of the parties contractually assumes the risk, the discharges a contract if supervening
Circumstances make fulfillment of the purpose which both parties had in mind impossible.

• A)bankruptcy law
• B)frustration of purpose doctrine
• C)perfect tender rule
• D)subjective impossibility doctrine

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Definitions:

Demand Letter

A formal letter issued by one party to another, requesting payment or action to rectify a legal issue or debt.

Legal Position

A statement or stance adopted on a specific legal issue or in a legal case.

Dispute

A disagreement or conflict between parties that may lead to legal action to resolve differences.

Statement Of Facts

A document presented in legal proceedings detailing the factual background pertinent to the case.