In Which of the Following Situations Can a Party's Duty

question 23

Multiple Choice

In which of the following situations can a party's duty to perform be discharged?

• A)Statutes and legislation that make a performance more difficult.
• B)When something that is essential to the promisor's performance is destroyed through no fault of the promisor but its substitute is available.
• C)When events occur after the formation of the contract that would make the return performance of the other party worthless to the promisor.
• D)When the promisor impliedly assumed the risk that the event would occur.

---

Definitions:

Positive Output

The result of production processes or economic activities that yield a beneficial or productive outcome.

Production Function

An equation or formula that describes the relationship between inputs (like labor and capital) and the output of goods or services.

Factor Prices

The prices of the inputs used in the production process, such as labor and capital.

Production Function

An equation that specifies the output that a firm can produce with varying combinations of inputs, such as labor and capital.