Which of the Following Statements About Commercial Impracticability Is True

question 71

Multiple Choice

Which of the following statements about commercial impracticability is true?

• A)A collapse of a market for particular goods is generally sufficient to excuse nonperformance.
• B)A promisor must be able to establish that the event that makes performance impracticable occurred without his fault.
• C)If an event causes impracticability and a seller only has limited capacity to perform,the seller can allocate production and deliveries to the highest paying customers.
• D)Crop failures cannot give rise to impracticability because it is an inherent market risk.

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Definitions:

Insurance Company

A business that provides coverage, in the form of compensation resulting from loss, damages, injury, treatment, or hardship in exchange for premium payments.

Dues

Fees collected from members by unions or other organizations to fund operations, activities, and representational functions.

Ethical Framework

A structured set of principles and guidelines that inform decision-making and actions based on moral values, aiming to ensure fairness, justice, and respect in various contexts.

Virtue

Represents moral excellence and righteousness, often referring to qualities such as honesty, integrity, and compassion.