Asked by Tamerea Downey on May 25, 2024
Verified
The Code does not excuse performance based upon commercial impracticability.
Commercial Impracticability
A doctrine under contract law where a party is excused from performing their contractual duties because unforeseen events have made performance excessively burdensome or impracticable.
Excuse Performance
A legal doctrine that allows a party to be released from a contractual obligation when events beyond their control prevent them from performing.
- Distinguish between acceptable and unacceptable bases on which a seller or buyer can terminate a contract.
Verified Answer
KL
KOPLIMO LTPPBMay 27, 2024
Final Answer :
False
Explanation :
The Uniform Commercial Code (UCC) does include provisions that excuse performance based on commercial impracticability. This is found under UCC Section 2-615, which allows for non-performance of contractual obligations if unforeseen events occur that make performance impracticable.
Learning Objectives
- Distinguish between acceptable and unacceptable bases on which a seller or buyer can terminate a contract.