Commercial Impracticability Arises Only When the Parties-At the Time the Contract

question 29

True/False

Commercial impracticability arises only when the parties-at the time the contract was made-had reason to foresee a certain event.

---

Definitions:

Foreign Currency

Currency used in a country that is not the domestic currency where a person or company resides.

US Goods

Products manufactured or produced within the United States, encompassing a wide range of commodities, from food to technology.

Foreign Goods

Products or services that are produced in other countries and imported into the domestic market.

Rate Of Inflation

The percentage increase in the price level of goods and services in an economy over a period of time, typically measured annually.