Red Operates a Scrap Metal Business and Contracts to Provide

question 45

Multiple Choice

Red operates a scrap metal business and contracts to provide ten tons of scrap steel at $50 per ton to be delivered to Sabin in six months.An un?fore?seen shortage of scrap steel suddenly develops,making it impossible for Red to fulfill his contract for less than $500 per ton.Red's best de?fense against performing the contract would be

• A)contract alteration.
• B)impossibility of performance.
• C)commercial impracticability.
• D)discharge by rescission.

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Definitions:

Two-Tiered

A system or structure that has two distinct levels or layers, often used to describe hierarchies in society, economy, or services.

Health Care

A system or organization that provides medical services to improve and maintain the health of a population.

Jump The Cue

An informal phrase referring to bypassing a line or sequence to gain a quicker or more favorable position, typically seen as unfair or unethical.

Visible Minorities

Groups of people who are not part of the majority race or ethnicity in a specific country or region, often facing different forms of discrimination or societal challenges.