Subjective Impossibility of Performance Can Discharge a Contract

question 7

True/False

Subjective impossibility of performance can discharge a contract.

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Definitions:

In Transit

Describes goods or people that are in the process of being transported from one location to another.

Carrier

An entity that provides transportation services for goods or individuals, typically referring to a company or a shipper operating under specific regulatory guidelines.

Lessor

A person or entity that leases property or equipment to another under the terms of a lease agreement.

UCC 2A-525(2)

A specific provision within the Uniform Commercial Code, addressing issues related to the leasing of goods and any resultant damages or remedies.