TWA had a sale/leaseback agreement with Connecticut National Bank. Because of the Gulf War, air travel was
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TWA had a sale/leaseback agreement with Connecticut National Bank. Because of the Gulf War, air travel was decreased and TWA was having trouble making its payments. Discuss the extent to which TWA could use commercial impracticability or impossibility as a defense for nonpayment.
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Regarding impossibility of performance we would apply an objective standard We would ...View the full answer
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Related Book For 
The Legal Environment of Business A Critical Thinking Approach
ISBN: 978-0132664844
6th Edition
Authors: Nancy K Kubasek, Bartley A Brennan, M Neil Browne
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