Which of the Following Events Would Probably Excuse Performance of a Contract

question 57

Multiple Choice

Which of the following events would probably excuse performance of a contract because of commercial impracticability?

• A) The price of the commodity increases slightly so that the contract will not be as profitable.
• B) There is an unforeseeable trade embargo causing commodity prices to triple.
• C) The promisor of a personal service contract dies.
• D) The subject matter of the contract is destroyed by fire.
• E) The contract contains a time-is-of-the-essence clause.

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Definitions:

Trade-Offs

Decisions that involve a sacrifice of one aspect or value in order to gain another aspect or value, often seen in negotiations or decision-making processes.

Multiple Communication Channels

The use of various methods or mediums to convey information or messages.

Inaccurate

Containing errors or not reflecting the true or correct information, often leading to misunderstandings or incorrect conclusions.

Integrative Outcomes

Results of negotiations that are based on collaboration and finding mutually beneficial solutions for all parties involved.