Adrian operates a recycled metals business and contracts to provide ten tons of scrap steel at $500 per ton to be delivered to Build-It-Rite Materials, Inc, in seven months. An unforeseen shortage of scrap steel suddenly develops, making it impossible for Adrian to fulfill the contract for less than $5,000 per ton. Adrian's best defense against performing the contract would be that
A)
performance of the contract is commercially impracticable.
B) procuring the steel would force the seller into bankruptcy.
C) the law has rendered performance of the contract illegal.
D) the specific subject matter of the contract has been destroyed.
A
You might also like to view...
FASB's financial reporting model identifies which specific financial statements?
A) Statement of Shareholder's Equity B) Statements of Net Income and Comprehensive Income C) Statement of Financial Position D) All of these choices
In parallel processing, two subcomponents can be worked on simultaneously in different processes and then brought together in a final process for completion
Indicate whether the statement is true or false
What does "listening for content" mean? What communication tool is used to demonstrate you are listening for content?
What will be an ideal response?
Identify the conjunction or conjunctions in the sentence. Before he became a lawyer, Vance was a naval officer