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Insolvency is
May excuse the parties on the basis of impossibility
Provides no clear rule for determining contract validity
Severability
Impracticality, impossibility, or frustration of purpose
An inability to pay debts. Insolvency may result in bankruptcy.
is not by itself a repudiation
breach
Performance is prevented or bankruptcy is involved
What quality may allow a breach to affect only part of a contract, rather than the entire agreement?
May excuse the parties on the basis of impossibility
Provides no clear rule for determining contract validity
Severability
Impracticality, impossibility, or frustration of purpose
An inability to pay debts. Insolvency may result in bankruptcy.
is not by itself a repudiation
breach
Performance is prevented or bankruptcy is involved
A request to renegotiate a contract...
May excuse the parties on the basis of impossibility
Provides no clear rule for determining contract validity
Severability
Impracticality, impossibility, or frustration of purpose
An inability to pay debts. Insolvency may result in bankruptcy.
is not by itself a repudiation
breach
Performance is prevented or bankruptcy is involved
Bankruptcy ...
May excuse the parties on the basis of impossibility
Provides no clear rule for determining contract validity
Severability
Impracticality, impossibility, or frustration of purpose
An inability to pay debts. Insolvency may result in bankruptcy.
is not by itself a repudiation
breach
Performance is prevented or bankruptcy is involved
In additon to impractical performance, impossibilty, and frustrated purpose, parties may be excused when
May excuse the parties on the basis of impossibility
Provides no clear rule for determining contract validity
Severability
Impracticality, impossibility, or frustration of purpose
An inability to pay debts. Insolvency may result in bankruptcy.
is not by itself a repudiation
breach
Performance is prevented or bankruptcy is involved
Death or incapacity, destruction of subject matter, and supervening illegality are examples of conditions which...
May excuse the parties on the basis of impossibility
Provides no clear rule for determining contract validity
Severability
Impracticality, impossibility, or frustration of purpose
An inability to pay debts. Insolvency may result in bankruptcy.
is not by itself a repudiation
breach
Performance is prevented or bankruptcy is involved
A party's deviance from the performance required by the contract is a ...
May excuse the parties on the basis of impossibility
Provides no clear rule for determining contract validity
Severability
Impracticality, impossibility, or frustration of purpose
An inability to pay debts. Insolvency may result in bankruptcy.
is not by itself a repudiation
breach
Performance is prevented or bankruptcy is involved
Performance may be excused where there is
May excuse the parties on the basis of impossibility
Provides no clear rule for determining contract validity
Severability
Impracticality, impossibility, or frustration of purpose
An inability to pay debts. Insolvency may result in bankruptcy.
is not by itself a repudiation
breach
Performance is prevented or bankruptcy is involved
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