Objective Impossibility Discharges a Contract

question 61

True/False

Objective impossibility discharges a contract.

---

Definitions:

Actuarial Information

Data and analysis provided by actuaries, involved in assessing risks and uncertainties, particularly in the insurance and finance industries.

Pension Fund

A pool of funds accumulated from contributions to provide retirement benefits to employees.

Interest Rate

The percentage of a loan amount charged by the lender to the borrower for the use of money, expressed as a yearly rate.

Postemployment Benefits

These are benefits, such as pensions or health insurance, which employees are entitled to receive after their employment has ended.