Discharge Can Occur Because of Impossibility of Performance

question 11

True/False

Discharge can occur because of impossibility of performance.

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Definitions:

Sales

The transactions involving the exchange of goods or services for money, constituting the revenue of a business.

Accounts Receivable Balance

The total amount of money owed to a company by its customers for goods or services sold on credit.

Cost of Goods Sold

The direct costs associated with producing goods sold by a company, including materials and labor costs.

Sales

The exchange of goods or services for money; the revenue generated from such transactions.