Perhaps the Biggest Problem Facing a Potential Future Socialist Society

question 71

Multiple Choice

Perhaps the biggest problem facing a potential future socialist society is:

• A) the errorless nature of capitalism
• B) the basic tendencies of human nature
• C) the rise of a highly authoritarian socialist world state

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Definitions:

Frustration Of Purpose Doctrine

The Frustration of Purpose Doctrine is a legal principle allowing contract parties to be relieved from performing their obligations when an unforeseen event undermines the contract’s original purpose.

Impossibility Of Performance Doctrine

A legal principle that releases parties from their contractual obligations when an event occurs making performance objectively impossible.

Tender Of Performance

Tender of Performance refers to an offer by one party to perform their obligations under a contract, demonstrating readiness and willingness to fulfill the contract terms.

Bilateral Contract

A contract type involving two parties where each promises to perform an act in exchange for the other party's act.