A Method of Discharge by Nonperformance Is

question 4

Multiple Choice

A method of discharge by nonperformance is

• A)frustration of purpose.
• B)impossibility of performance.
• C)all of the above.
• D)none of the above.

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Definitions:

Labor

The application of human mental and physical endeavors in the manufacture of products and provision of services.

Fixed Input

Resource in production that cannot be changed in the short term, such as buildings and machinery.

Long Run

A period in which all factors of production and costs are variable, allowing for full adjustment to any change in market conditions.

Manufacturer

An entity engaged in the conversion of raw materials or components into finished goods for sale.