Which of the Following Is a Distinguishing Characteristic of the Doctrine

question 35

Multiple Choice

Which of the following is a distinguishing characteristic of the doctrine of frustration?

• A) It relieves parties of contractual obligations in very limited circumstances.
• B) As a contractual term, it is used to signify that a contract cannot be varied.
• C) As a guiding principle, it is used for interpreting the terms of a contract.
• D) It relieves parties in a variety of circumstances from contractual obligations.

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Definitions:

Common Stock

A type of equity security that represents ownership in a corporation, with rights to share in its profits through dividends and capital appreciation.

Sold Shares

Refers to the act of transferring ownership in a corporation's stock from one party to another in exchange for money or other compensation.

Dividend

A portion of a company's earnings that is distributed to shareholders as a return on their investment.

Trading Portfolio

A collection of financial assets held by an individual or institution primarily for the purpose of short-term trading and profit.