Practice Quiz

Paralegal Exam Prep

Category - Contracts

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Death or illness, change in law, destruction of subject matter, and apprehension of danger are all bases for:
  1. Demanding performance under a contract.
  2. Changing the terms of a contract.
  3. Declaring performance of a contract impossible.
  4. A, B, and C.
  5. B and C.
Explanation
Answer: E. Death or illness, change in law, destruction of subject matter, and apprehension of danger are all bases for changing the terms of a contract and declaring performance of a contract impossible. If unforeseen events make it impossible to perform a contract, performance is excused. The parties can walk away from the contract, or they can mutually agree to revise the terms of the contract.
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