Under the doctrine of discharge by impossibility of performance, impossibility occurs when:

a. a party to a contract dies
b. a law is passed making performance illegal c. the subject of the contract is destroyed
d. none of the other choices
e. all of the other specific choices


e

Business

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The relevant range of activity is the range in which actual operations are likely to occur

Indicate whether the statement is true or false

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The streamlining of business processes to increase margin is key to obtaining competitive advantage.

Answer the following statement true (T) or false (F)

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Elmer wrote a letter to his friend Fred offering to sell Fred an 80-acre farm for $200,000 . After mailing the letter, Elmer learns that the farm is actually worth $300,000 and changes his mind about selling. In this case, Elmer:

a. has made a firm offer to Fred which cannot be revoked. b. can revoke his offer at any time before Fred accepts it, because there is no consideration to keep it open. c. must keep the offer open, because this is an option contract. d. cannot, because of promissory estoppel, revoke his offer to Fred.

Business

It is computationally infeasible to find any pair (x, y) such that H(x) = H(y). A hash function with this property is referred to as __________ .

A. collision resistant ? B. preimage resistant C. one-way ? D. weak collision resistant

Business