Unless One of the Parties Contractually Assumes the Risk, the __________

question 68

Multiple Choice

Unless one of the parties contractually assumes the risk, the __________ discharges a contract if supervening circumstances make fulfillment of the purpose which both parties had in mind impossible.

• A) bankruptcy law
• B) frustration of purpose doctrine
• C) perfect tender rule
• D) impossibility of performance doctrine

---

Definitions:

Predatory Pricing

A strategy where a company sets extremely low prices with the intent to eliminate competition, which can lead to monopolistic control of the market.

Create A Monopoly

A strategy or situation where a single company or entity gains exclusive control over a market sector, eliminating competition.

Deceptive Pricing

An illegal practice that involves intentionally misleading customers with price promotions.

Dumping

The practice of selling a product in a foreign market at a price below its domestic market price or below the cost of production.