Which of the Following Is a Way in Which a Contract

question 60

Multiple Choice

Which of the following is a way in which a contract may be discharged by operation of law?

• A) Alteration of the contract
• B) Bankruptcy
• C) Objective impossibility of performance
• D) Alteration of the contract, bankruptcy, and objective impossibility of performance
• E) Alteration of the contract and bankruptcy, but not objective impossibility of performance

---

Definitions:

Gross Earnings

The total amount of income earned by an individual or entity before any deductions or taxes are applied.

Deductions

Amounts subtracted from gross income to reduce taxable income, including expenses, allowances, or certain types of losses.

Payroll Deductions

Amounts subtracted from an employee's gross pay for taxes, insurance, retirement contributions, and other mandatory or voluntary expenses.

Pension Contributions

Funds put into a pension plan by individuals or employers intended to finance retirement benefits.