To Avoid Litigation Over Impossibility and Impracticability Issues, Modern Contracting

question 29

Multiple Choice

To avoid litigation over impossibility and impracticability issues, modern contracting parties often contract around the doctrine of impossibility, specifying the failures that will excuse performance in their contracts. The clauses in which they do this are called __________ clauses, and they are generally enforced by courts as written.

• A) delta force
• B) force majeure
• C) magnum force
• D) force corporeal

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Exchange Rate

The value of one currency for the purpose of conversion to another, indicating how much of one currency can be exchanged for another.

Euro

The official currency of 19 of the 27 member states of the European Union.

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The act of buying goods or services.

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Financial activities involving the exchange of goods, services, or funds between two or more parties.