Objective impossibility occurs if a particular contracting party is unable to perform because of financial inability or lack of competence.

Question

Quizplus · Accepted Answer

Objective impossibility refers to situations where the performance of a contract is impossible for anyone, not just the specific contracting party, due to external factors beyond control, such as natural disasters or changes in law. Financial inability or lack of competence is considered subjective impossibility.

Objective Impossibility Occurs If a Particular Contracting Party Is Unable