Mitch and Nadine Enter into a Contract for a Sale

question 9

Multiple Choice

Mitch and Nadine enter into a contract for a sale of seventy-six specially made motion detectors.When Nadine does not deliver within a reasonable time after the agreed delivery date,Mitch files a suit for breach.Nadine asserts the doctrine of commercial impracticability.This doctrine extends only to problems that are

• A)foreseen.
• B)preventable.
• C)unforeseen.
• D)ordinarily assumed by a seller or lessor.

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Definitions:

Accounting Information

Data related to the financial performance and position of a company, including balance sheets, income statements, and cash flow statements.

Financial Analysts

Professionals who evaluate financial data, economic trends, and investment opportunities to provide guidance and advice to businesses and individuals.

Financial Accounting Standards Board

An autonomous institution tasked with the development and enhancement of financial accounting and reporting guidelines within the United States.

Public Company Accounting Oversight Board

A nonprofit organization established by Congress to oversee the audits of public companies in order to protect investors and the public interest.