Adrian Operates a Recycled Metals Business and Contracts to Provide

question 37

Multiple Choice

Adrian operates a recycled metals business and contracts to provide ten tons of scrap steel at $500 per ton to be delivered to Build-It-Rite Materials Inc. in seven months. An unforeseen shortage of scrap steel suddenly develops, making it impossible for Adrian to fulfill the contract for less than $5,000 per ton. Adrian's best defense against performing the contract would be that

• A)performance of the contract is commercially impracticable.
• B)procuring the steel would force the seller into bankruptcy.
• C)the law has rendered performance of the contract illegal.
• D)the specific subject matter of the contract has been destroyed.

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Definitions:

Monthly Cost

The total amount of expenses incurred by an individual, household, or organization within a month.

State Supported

Institutions or activities receiving financial assistance from the government, which can include educational establishments, public services, or infrastructure projects.

Confidence Interval

A range of values, derived from sample statistics, that is believed, with a certain level of confidence, to contain the value of an unknown population parameter.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, frequently used in statistics to gauge the spread of a dataset.