If a Party's Principal Reason for a Contract Is Substantially

question 2

Multiple Choice

If a party's principal reason for a contract is substantially impaired without his fault by the occurrence of an unexpected event, that party's remaining duties to render performance are discharged due to the doctrine of:

• A) frustration of purpose
• B) subjective impossibility
• C) objective impossibility
• D) commercial impracticability

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Definitions:

Generalized Other

A concept in sociology that represents the internalized attitude of the broader community, which individuals consider in their behavior and social interactions.

Regular Basis

A recurring or habitual schedule or frequency at which an action or event occurs.

Phased Retirement

Describes a work arrangement allowing employees to gradually reduce their working hours as they approach retirement, often to balance personal needs and organizational demands.

Old Age Security (OAS)

a government-sponsored pension plan designed to provide a monthly income to senior citizens, aiming to ensure they can maintain a basic standard of living in retirement.