Impossibility of Performance Is Subjective,meaning That One of the Parties

question 12

True/False

Impossibility of performance is subjective,meaning that one of the parties may unilaterally decide that performance is impossible,thus discharging the contract.

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Definitions:

Net Operating Income

A measure of a company's profitability from its regular business operations, excluding taxes and interest.

Interest Rate

Interest rate is the percentage of the principal amount charged by lenders for the use of their money or paid by banks for keeping money in an account.

Debt Ratio

A financial ratio that measures the extent of a company’s leverage, specifically the ratio of its total liabilities to its total assets.

Business Risk

The exposure to uncertainty and potential loss in a company’s operations due to factors like fluctuations in revenue or expenses.