Examlex

Solved

If a Book Publishing Company Decides to Merge with a Pulp

question 45

Multiple Choice

If a book publishing company decides to merge with a pulp and paper mill for its paper needs,what type of merger would result?


Definitions:

Contractual Capacity

This term refers to the ability of a party to legally enter into a contract, often requiring them to be of a certain age and have a sound mind.

Objective Impossibility

Objective impossibility occurs when it is not feasible to perform an act or fulfill a contract due to external factors, rendering the act or contract physically or legally impossible to complete.

Commercial Impracticability

A doctrine in contract law allowing parties to be discharged from their obligations when unforeseen events greatly increase the difficulty of performance.

Frustration of Purpose

A legal doctrine allowing for the termination of a contract when an unforeseen event undermines the contract's core purpose, making its performance impossible or radically different.

Related Questions