A Contract Will Be Discharged If Supervening Circumstances Make It

question 25

True/False

A contract will be discharged if supervening circumstances make it impossible to attain the purpose both parties had in mind when they made the contract.

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Definitions:

Trading Company

A trading company is an entity that connects buyers and sellers of various commodities, goods, or services, often operating internationally to facilitate trade across borders.

Import Broker

An individual or firm that acts as an intermediary between an importer and the government, facilitating the importation of goods through customs clearance and compliance with local regulations.

Sales Agent

An intermediary or representative who negotiates sales for products or services on behalf of another party, typically earning a commission for transactions.

Total Cost of Ownership

The comprehensive assessment of all costs associated with the purchase, operation, and maintenance of an asset over its entire lifespan.