Briefly Explain Impossibility of Performance

question 106

Essay

Briefly explain impossibility of performance.

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Definitions:

Underwriting Syndicate

A group of financial institutions that work together to issue and distribute a new security to the public.

IPO

Initial Public Offering, the process by which a private company becomes publicly traded by offering its shares for the first time to the public.

Venture Capitalists

Investors who provide capital to start-up companies and small businesses with perceived long-term growth potential, often taking a stake in the company in exchange.

IPOs

Initial Public Offerings, a process where a private company offers shares to the public in a new stock issuance to raise capital.