* What is +1/0? It has to be +Infinity -- nothing else will do.
* What is -1/0? It has to be -Infinity -- nothing else will do.
* What is 0/0? There's no way to tell from the information we've got -- it's undefined: Not A Number. (However, should 0/0 come up as a result of taking the quotient of two functions that happen to both reach zero at a point, then sometimes the limit of that quotient is meaningful, and might have a numerical result.)
IEEE-754 chose to signal these things in-band, so we get NaN and Infinity to deal with in our floats and doubles.