Michael Products Limited and Jensen Corporation enter into an agreement under which Michael Products Limited agrees to supply 20 tonnes of soap to Jensen Corporation.Jensen agrees to pay $20 000 for the product.The agreement includes a provision to the effect that the agreement is conditional of Jensen providing a letter from a bank,no later than two days after the execution of the agreement,that Jensen Corporation has the funds to pay for the goods.Three days after the signing of the agreement,Michael Products Limited has not provided the letter from the bank.Jensen Corporation can_ because
A) continue with the contract;the contract is not void
B) walk away from the contract;the contract is void
C) continue with the contract;the contract is effective
D) terminate the contract;the contract is void
Correct Answer:
Verified
Q3: In respect of a contract to which
Q22: In choosing between conflicting testimony,a court will
A)refuse
Q25: When a contract is wholly oral,the first
Q33: A agrees to paint B's house.B then
Q34: A collateral contract is
A)an unenforceable agreement that
Q35: What is a condition precedent?
A)an event that
Q39: Which of the following is true with
Q51: Which of the following is NOT true?
A)The
Q54: An implied term is
A)a term that the
Q58: To interpret the express provisions of a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents