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To Avoid Litigation Over Impossibility and Impracticability Issues, Modern Contracting

question 29

Multiple Choice

To avoid litigation over impossibility and impracticability issues, modern contracting parties often contract around the doctrine of impossibility, specifying the failures that will excuse performance in their contracts. The clauses in which they do this are called __________ clauses, and they are generally enforced by courts as written.


Definitions:

Elderly

Pertaining to individuals, usually defined as being 65 years of age or older, who are in the later stage of life and often experiencing the effects of aging.

Younger Generations

Denotes groups of people born and raised in more recent decades, highlighting the differences in their values, behaviors, and challenges compared to older cohorts.

Mutually Beneficial

A situation or relationship in which all parties involved gain or benefit from the arrangement.

Significant Impact

An effect or influence that is considerable and has the potential to cause noticeable changes or outcomes.

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