Objective impossibility occurs if a particular contracting party is unable to perform because of financial inability or lack of competence.

Name: Objective impossibility occurs if a particular contracting party is unable to perform because of financial inability or lack of competence.
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Question

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Objective impossibility refers to a situation where it is physically or legally impossible for anyone to perform the contract, not due to personal incapacity like financial inability or lack of competence.

Objective Impossibility Occurs If a Particular Contracting Party Is Unable