Quality Scrap Company Contracts to Provide Ten Tons of Steel

Multiple Choice

Quality Scrap Company contracts to provide ten tons of steel at $500 per ton to Rendered Materials, Inc. An unforeseen shortage occurs suddenly, making it impossible for Quality to fulfill the contract for less than $5,000 per ton. The firm's best defense against performing the contract is that​

A) ​performance of the contract is commercially impracticable.
B) ​procuring the steel would force the company into bankruptcy.
C) ​the law has rendered performance of the contract illegal.
D) ​the specific subject matter of the contract has been destroyed.