If, During the Performance of a Contract, Extraordinary Difficulties Arise

question 52

True/False

If, during the performance of a contract, extraordinary difficulties arise that were totally unforeseen at the time the contract was formed, a court may allow an exception to the preexisting duty rule.

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Definitions:

Failing Organizations

Entities that are unable to meet their goals or sustain operations due to a variety of factors including poor management or financial instability.

Financial Performance

Evaluation of a company's profitability, revenue, expenses, and financial ratios to gauge its economic stability and health.

Contributing Team Member

An individual who actively participates in a group effort, offering their skills and efforts towards achieving common goals.

Performance Excellence

The achievement of the highest level of performance and outcomes in organizational tasks, often through continuous improvement and quality assurance processes.