​Regarding the Frustration of Purpose Doctrine,which of the Following Statements

question 28

Multiple Choice

​Regarding the frustration of purpose doctrine,which of the following statements is true?

• A) ​the purpose for which seller entered into the contract has become illegal
• B) ​​the purpose for which buyer entered into the contract has become illegal
• C) ​the purpose of the contract has become illegal
• D) ​the contract no longer facilitates deferred exchange

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Definitions:

Efficiency Gains

Improvements in the production process that allow for a greater output of goods or services without an increase in input.

Deregulation

The process of removing government restrictions and regulations in industry to allow for more competition and efficiency in the market.

Communications Industry

A sector that encompasses companies and technologies involved in the transmission of information, including media, internet, telecommunications, and broadcasting.

Social Regulation

Rules designed to protect the health, safety, and welfare of the public, often including environmental and worker safety regulations.