Examlex
In 1904,Ida Tarbell published a highly critical study on
Contract
A legally enforceable agreement between two or more parties that creates mutual obligations.
Commercial Impracticability
The standards used by the UCC, replacing the common law doctrine of impossibility, to define when a party is relieved of his or her contract obligations because of the occurrence of unforeseeable, external events beyond his or her control.
Increased Cost
The rise in the financial expenditure required to perform an activity, purchase goods, or maintain operations.
Collapse of Market
A rapid and significant decline in the value or performance of a market, leading to a widespread loss of confidence and investment.
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