Which of the following may, under certain circumstances, be grounds for termination of a party's duties under a contract?

Question

Quizplus · Accepted Answer

All of these choices can be grounds for termination of a party's duties under a contract, depending on the specific circumstances and the governing law. Substantial performance refers to a situation where nearly all the terms of the contract have been met, impossibility of performance occurs when it is literally impossible to fulfill the contract terms due to unforeseen events, and commercial impracticability means that fulfilling the contract has become unreasonably burdensome or expensive.

Which of the Following May, Under Certain Circumstances, Be Grounds