If Delivery of Goods Becomes Impossible, a Party Who Has

question 11

True/False

If delivery of goods becomes impossible, a party who has issued a draft or note under the contract has a defense for not paying it.

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Definitions:

Hindsight Bias

The tendency to believe, after learning an outcome, that one would have foreseen it, also known as the "knew-it-all-along" effect.

Monday Morning

A term often symbolizing the start of the work or school week, associated with a return to routines after the weekend.

Quarterback Effect

The Quarterback Effect is the phenomenon of attributing the success of a group or team to a single individual, often the leader or most visible member.

Misinformation Effect

A phenomenon in which a person's recall of episodic memories becomes less accurate due to post-event information.