What Is the Effect of a Frustrating Event Upon the Obligations

question 24

Multiple Choice

What is the effect of a frustrating event upon the obligations of the parties to a contract?

• A)The contract becomes voidable by either party,and until one of the parties voids the contract it is valid and enforceable.
• B)The contract is void from the frustrating event and any obligations arising before the frustrating event must still be fulfilled.
• C)The contract is void ab initio ('from the beginning'),the parties are to be restored to their original positions,and any payments already made refunded to the payer.
• D)Each party is still obliged to fulfil their obligations under the contract as if the frustrating event had not occurred.

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Definitions:

Market Segmentation

The practice of dividing a target market into smaller, more defined categories based on various characteristics.

Starbucks

Starbucks is a global coffeehouse chain known for its signature coffees, teas, and other beverage and food offerings, operating in numerous countries around the world.

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Help and counsel given by an organization to customers who acquire or engage with its offerings.

Relationship Marketing

A strategy designed to foster customer loyalty, interaction, and long-term engagement rather than focusing solely on short-term goals such as customer acquisition and individual sales.