Pilgrim industries scheduled its annual employee ice-hockey match at celestial city ice resort. the resort was to provide a suitable on site
ice-skating pond for the game. two weeks before the meeting, the pond is ordered to be drained by government environmental officials. the
government bans any use of the property until environmental cleanup efforts are complete (approximately one year). the pilgrim-celestial
contract could be discharged via the doctrine of:
a. impossibility.
b. good faith performance
c. compensatory
d. substantial performance

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Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $385,000; cash paid for rent, $49,000; cash paid to employees for services rendered during the year, $129,000; cash paid for utilities, $59,000. in addition, you determine that customers owed the company $69,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,900 at year-end, and the rent payment was for a two-year period.

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided