When Performance Is Impeded Due to the Occurrence of an Event

question 53

Multiple Choice

When performance is impeded due to the occurrence of an event whose nonoccurrence was a basic assumption of the contract, the contract may be discharged on the grounds of:

• A) commercial impracticability.
• B) commercial impossibility.
• C) economic frustration.
• D) economic stability.

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Definitions:

Product Positioning

The process of defining the place a product occupies in consumers' minds relative to competing products, often based on attributes, benefits, or perceptions.

Competitive Advantage

A unique attribute or combination of attributes that allows a company to outperform its competitors, often leading to greater market share, profitability, or customer loyalty.

Positioning Statement

A brief description that highlights how a brand or product uniquely meets the needs of its target market, differentiating it from competitors.

Premium-priced Automobile

Vehicles sold at a price above the average market rate due to their perceived quality, brand prestige, luxury, or performance features.