Which of the Following Involves the Discharge of a Contract

question 16

Multiple Choice

Which of the following involves the discharge of a contract by frustration?

• A) One of the parties becomes bankrupt.
• B) Each party discharges the obligation of the other to perform the contract.
• C) One of the parties fails to carry out their obligation completely, and the other party accepts this.
• D) Performance of the contract becomes impossible due to the occurrence of an unforeseen event.

Understand the implications of production constraints on marginal costs and firm's production capacity.

Understanding the use and limitations of reasonable force in self-defense and the defense of others or property.

Comprehension of the common law doctrines related to self-defense and the defense of one's domicile.

Familiarity with the different categories of crimes and their definitions.

---

Definitions:

Acid-test Ratio

A stringent indicator of a company's ability to quickly convert its short-term assets into cash to cover short-term liabilities, excluding inventory.