Courts That Have Adopted the Notion of Impracticability Make It

question 74

True/False

Courts that have adopted the notion of impracticability make it much easier for parties to get out of contractual obligation than under courts that only use the doctrine of impossibility.

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Definitions:

China

A country located in East Asia, known for being the world's most populous country and for its significant economic, cultural, and political influence globally.

Equity

In finance, equity represents the ownership interest in a company or property, often measured as the difference between the value of the assets and the liabilities.

Efficiency

The optimal use of resources to achieve the desired outcomes with minimal waste of time, effort, or materials.

Government

A system or group of people governing an organized community, often a state.