In World of Boxing LLC V

question 27

Multiple Choice

In World of Boxing LLC v.King,the case in the text,the court held that:

• A)impossibility excused King's breach because his mistaken belief was reasonable.
• B)impossibility excused King's breach because he should not be punished for failing to foresee a plainly remote and unlikely event.
• C)impossibility did not excuse King's breach.
• D)impossibility  excused King's breach because his duty to perform was triggered by an event out of his control.

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Definitions:

Market Culture

A type of organizational culture that is characterized by a strong emphasis on competitiveness, results, and achieving measurable goals.

Competitiveness

The ability of a company, country, or product to compete effectively and successfully in the market.

Organizational Culture

A pattern of shared norms, rules, values, and beliefs that guide the attitudes and behaviors of its employees.

Norms

The informal rules of a team’s behavior that govern the team.