V3 Was a Successful Singing Group That Contracted to Perform

question 26

Multiple Choice

V3 was a successful singing group that contracted to perform at the "Metalsubstance" rock concert. V3 was aware that the promoter would sustain a substantial loss if the group failed to perform. The members of the group were stricken with a virus that confined them to their beds. The promoter sued for breach of contract. What is the probable result?

• A) V3 is liable for damages for breach of contract.
• B) The contract was discharged by impossibility of performance.
• C) In order to avoid liability for breach of contract, V3 must arrange for another group of comparable quality and reputation to perform on the scheduled date.
• D) V3 will be deemed to have substantially performed the contract.

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Definitions:

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A financial metric that evaluates a company's ability to pay off its short-term liabilities with its quick assets, providing insight into its short-term financial health.

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Financial metrics used to determine an organization's ability to pay off its short-term debts with its liquid assets.

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Marketing metrics are measurements used to evaluate the effectiveness and performance of marketing strategies and activities.

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