Which of the Following Statements Is FALSE

question 26

Multiple Choice

Which of the following statements is FALSE?

• A)When the parties to a contract have done everything that they promise to do, the contract is discharged.
• B)If the performance of a contract is made impossible through no fault of either of the parties, the contract is said to be frustrated.
• C)Frustration excuses the parties from performance of the contract.
• D)Force majeure and an "act of God" are synonymous.
• E)Natural disasters can render it impossible to complete a contract, but it is not a breach of contract

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Definitions:

Ownership Disputes

Conflicts or disagreements over who holds the legal rights or title to a piece of property, asset, or intellectual property.

Limited Liability Company

A business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Operating Agreement

A document that outlines the governance and business operations of an LLC, agreed upon by its members.

Limited Liability Company

A business structure that combines the pass-through taxation of a partnership with the limited liability protections of a corporation.