Joe and Lucas enter into a contractual agreement in which Lucas promises to deliver a unique antique artifact to Joe in the next ten days, but the artifact is stolen before Lucas could fulfill his promise. Which of the following statements is true about this scenario?
A) Lucas must pay compensatory damages to Joe.
B) Lucas must pay punitive damages to Joe.
C) The contract is discharged by impossibility of performance.
D) The contract can be terminated only if both parties agree.

Question

Quizplus · Accepted Answer

Lucas was unable to perform his promise due to the theft of the artifact, which was out of his control. This falls under the doctrine of impossibility of performance, which discharges the contract. Lucas is not held liable for any damages to Joe in this scenario.

Joe and Lucas Enter into a Contractual Agreement in Which