Unless One of the Parties Contractually Assumes the Risk, the __________

question 60

Multiple Choice

Unless one of the parties contractually assumes the risk, the __________ discharges a contract if supervening circumstances make fulfillment of the purpose which both parties had in mind impossible.

• A) bankruptcy law
• B) frustration of purpose doctrine
• C) perfect tender rule
• D) impossibility of performance doctrine

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Definitions:

People

Human beings individually or collectively, often referred to in contexts involving social behavior, community, and demographic aspects.

High Emphasis

Placing significant importance or priority on a specific aspect, goal, or criterion.

Blake and Mouton

The creators of the Managerial Grid Model, which identifies five different leadership styles based on leaders' concern for people and production.

Leadership Grid

A conceptual framework used to evaluate and categorize leadership styles based on a leader’s concern for people versus their concern for production or task accomplishment.