Which of the Following Is Used as a Basis for Discharge

question 81

Multiple Choice

Which of the following is used as a basis for discharge by operation of law when performance is still objectively possible but would be extraordinarily injurious or expensive to one party?

• A) Frustration of purpose
• B) Commercial impracticability
• C) Alteration of the contract
• D) Anticipatory repudiation
• E) Anticipatory renunciation

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Definitions:

Statement Of Changes

A detailed financial statement showing the changes in equity of a company over a certain period of time, including transactions with shareholders and the result of profits or losses.

Net Debt

A metric that subtracts total liabilities from cash and cash equivalents, measuring a company's ability to pay off its debts with its liquid assets.

Public Sector Accounting Board

A regulatory body responsible for setting and issuing accounting standards and guidance for the public sector.

Governmental Reporting

The process of preparing and disclosing financial statements and other information by government entities to provide transparency and accountability in the use of public funds.