When Performance Is Impeded Due to the Occurrence of an Event

question 53

Multiple Choice

When performance is impeded due to the occurrence of an event whose nonoccurrence was a basic assumption of the contract, the contract may be discharged on the grounds of:

• A) commercial impracticability.
• B) commercial impossibility.
• C) economic frustration.
• D) economic stability.

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Definitions:

Taft-Hartley Act

A 1947 United States federal law that restricts the activities and power of labor unions.

Landrum-Griffin Act

A 1959 U.S. federal law formally known as the Labor-Management Reporting and Disclosure Act, aimed at regulating labor unions' internal affairs and their officials' dealings with employers.

Labor Legislation

Laws enacted to regulate the relationship between workers and employers, aiming to protect worker rights and promote fair labor practices.

Rationale

The underlying logic or reasoning behind a decision, argument, or theory, often explaining why a particular course of action was taken.