Question

What do you mean by possibility of performance?

Answer 1

Answer:

Possibility of performance means the contract must be possible to complete because legally binding contracts cannot be undertaken to perform an impossible act.

The contract must be possible to complete, otherwise the court will not treat it as valid in the eyes of the law.

Answer 2

It refers to the possibility of completion of a contract.

• Because legally enforceable contracts cannot be entered into to execute an impossible act, the term refers to the contract's ability to be completed.
• The contract must be able to be completed; otherwise, the court will not consider it legal under the law.
• The agreement must be specific rather than ambiguous. It is impossible to know what it means if it is not definite.