The Benefit of Frustration Is Available in Which of the Following

question 42

Multiple Choice

The benefit of frustration is available in which of the following cases?

• A)Where one of the parties is subject to financial hardship which makes completion of the contract difficult.
• B)Where the cost of completing the contract becomes too high.
• C)Where it is inconvenient to complete the contract.
• D)Where an unforseen event outside the control of the parties significantly changes their obligations and neither party was at fault.

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Definitions:

Horizontal Analysis

An analysis tool used in financial statement analysis to compare historical data, such as revenues and earnings, across different periods.

Percentage Change

A mathematical calculation that depicts the degree of change over time, often used to compare the difference in quantities or values.

Solvency Ratio

A key metric used to measure a company's ability to meet its long-term debt obligations and financial liabilities.

Operating Success

A measure of the efficiency and profitability of a business's core activities, excluding the effects of financing and investments.