After a Contract Is Made, a Supervening Event May Make

question 17

True/False

After a contract is made, a supervening event may make performance impossible and discharge the contract.

---

Definitions:

Net Present Value

The calculation of the present value of an investment's expected cash inflows minus the costs.

Cash Sales Policy

A policy adopted by businesses that requires all purchases to be paid for in cash at the time of sale.

Net 30 Credit Policy

A credit term indicating that payment is due in full 30 days after goods are delivered or services are performed.

Monthly Interest Rate

The interest rate applied each month on a loan or investment, often derived from the annual interest rate divided by twelve months.