Asked by Julie Boyer on Jun 05, 2024
Verified
Impossibility of performance may occur if
A) the subject matter of the contract is destroyed.
B) one of the parties dies prior to performance.
C) performance of the contract becomes illegal due to a change in the law.
D) All of these choices are correct.
Impossibility of Performance
A legal doctrine where a party may be released from a contract due to unforeseen events making fulfillment unfeasible.
Subject Matter Destroyed
A situation where the physical or substantive basis of a case or matter has been eliminated or rendered irrecoverable.
Illegal
pertains to actions or activities that are prohibited by law and subject to legal penalties.
- Understand the conditions and legal grounds for contract termination or rescission due to factors like impossibility of performance.
Verified Answer
MG
Mavrick GreenfieldJun 11, 2024
Final Answer :
D
Explanation :
Impossibility of performance can occur for various reasons, including the destruction of the subject matter of the contract, the death of a party necessary for the contract's performance, or a change in law that makes the contract's performance illegal. All these scenarios render the contract impossible to perform.
Learning Objectives
- Understand the conditions and legal grounds for contract termination or rescission due to factors like impossibility of performance.