Match the Items Below by Entering the Appropriate Code Letter

question 116

Essay

Match the items below by entering the appropriate code letter in the space provided.

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Definitions:

Waiver

The voluntary relinquishment or surrender of a known right or privilege.

Relinquishment

Relinquishment involves voluntarily giving up or surrendering a right, position, or claim, often in a legal or formal context.

Contract

A legally enforceable agreement between two or more parties that creates mutual obligations.

Commercial Impracticability

The standards used by the UCC, replacing the common law doctrine of impossibility, to define when a party is relieved of his or her contract obligations because of the occurrence of unforeseeable, external events beyond his or her control.