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:

Supplier Power

Refers to the ability of providers of goods or services to dictate terms and influence prices in the marketplace due to their strong position vis-à-vis buyers.

Competitive Edge

The unique advantage a company or product has over its competitors, making it more attractive to consumers or clients.

Lower Costs

The reduction in the expenses incurred in the production of goods or services, enhancing a company's profitability.

Innovative

Innovative refers to the introduction of new ideas, methods, or products that aim to improve efficiency, effectiveness, or competitive advantage.