An Occurrence or Event That Makes Performance Temporarily Impossible Operates

question 19

True/False

An occurrence or event that makes performance temporarily impossible operates to discharge the parties' contractual duties.​

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Definitions:

Annual Rate

A fixed percentage representing the yearly cost or return of a financial product or service.

Economic Value

The importance or usefulness of a good or service in terms of the wealth it can generate or the well-being it can provide.

Earn

To receive payment in exchange for work or services provided, or as a return on investment.

Interest Annually

Interest calculated once a year on the principal or existing amount.