is a situation in which a party cannot legally or physically perform the contract.
A) Impossibility of performance
B) Condition precedent
C) Condition subsequent
D) Novation

Question

Quizplus · Accepted Answer

Impossibility of performance refers to a situation where it is not possible for a party to fulfill their obligations under the contract due to events outside of their control, such as a natural disaster or new legislation. This makes the contract impossible to perform, and both parties are released from their obligations.

Is a Situation in Which a Party Cannot Legally or Physically