Which of the following is correct with respect to the Code's approach to impossibility of performance?
A) A significant drop in demand for the goods will excuse the buyer's performance.
B) Increased production costs will excuse performance by the seller.
C) Performance will be excused when it is impractical as a result of one or more unforeseen supervening events that are more than mere hardship or increased cost of performance.
D) There is nothing that is true impossibility of performance.

Question

Quizplus · Accepted Answer

The correct approach to impossibility of performance, as outlined in the Uniform Commercial Code (UCC), is that performance can be excused when it becomes impractical due to unforeseen supervening events that go beyond mere hardship or increased costs. This recognizes that certain extreme and unexpected circumstances can disrupt contractual obligations in a way that could not have been anticipated at the time the contract was made.

Which of the Following Is Correct with Respect to the Code's