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QUESTION 12 Impossibility of performance will: a. discharge a seller if he can not make a profit b.discharge a buyer if she does not have

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QUESTION 12 Impossibility of performance will: a. discharge a seller if he can not make a profit b.discharge a buyer if she does not have th emoney to pay for the item ordered. c. discharge a seller if he can not get the materials needed to produce the item because they have become illegal to obtain. d. make any contract illegal QUESTION 13 Which of the following modified cqntracts falls within the statute of frauds? a. A contract for the sale of 800 widgets at $1.00 each is modified to 400 widgets at $1.00 each. b. A contract for the sale of 400 widgets at $1.00 each is modified to 800 widgets at $1.00 each c. A contract for the sale of 40 widgets at $1.00 each is modified to 400 widgets at $1.00 each. d. A contract for employment for 13 months at $400 per month is modified to 8 months at $550 per month. QUESTION 14 An example of a third party donee beneficiary contract would be: a. life insurance policy b. homeowners insurance policy c. disability insurance d. long term care insurance

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