When event occurs that makes performance impossible

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Reference no: EM132129137

1. Commercial leases tend to be ____ than residential leases.

a. much longer

b. much simpler

c. much shorter

d. none of the other choices are correct

e. much more informal

2. The doctrine of ____ is used to end the obligations to a contract when an event occurs that makes performance impossible.

a. none of the other choices are correct

b. discharge due to infeasibility

c. legal incompatibility

d. changed circumstances

e. legal infeasibility

3. Which of the following statement(s) is (are) true?

a. all of the other specific choices are true

b. a partnership may consist entirely of limited partners

c. none of the other choices

d. a limited partner may exercise control over the business in proportion to his interest in it

e. a limited partnership must have at least one general partner

Reference no: EM132129137

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