Asked by Adeel Humayun on May 11, 2024
Verified
In most situations,the UCC uses the test of ________ for determining when a person is excused from performing contractual obligations.
A) commercial impracticability
B) superior knowledge
C) frustration of purpose
D) impossibility
Commercial Impracticability
A doctrine under which a party may be released from a contract due to unforeseen and hardship-causing events that make the contract's performance infeasible.
Contractual Obligations
Legal commitments arising from contracts that parties have agreed to and are bound to fulfill.
- Identify the conditions under which contractual obligations may be excused due to impracticability or impossibility.
Verified Answer
HH
Hussain HamedMay 11, 2024
Final Answer :
A
Explanation :
The Code rules for determining when a person is excused from performing are similar to the general contract rules.General contract law uses the test of impossibility.In most situations,however,the Code uses the test of commercial impracticability.
Learning Objectives
- Identify the conditions under which contractual obligations may be excused due to impracticability or impossibility.