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:

Labor-Force Participation

The fraction of the population of working age that is engaged in employment or in the search for a job.

Prime Working Age

The age range typically considered most productive and desirable for employment, often defined as 25 to 64 years.

Labor-Force Participation Rate

The percentage of the adult population that is in the labor force

Teenagers

A demographic group consisting of individuals typically aged between 13 and 19 years, characterized by physiological and psychological development from childhood to adulthood.