Bart was supposed to deliver 100,000 firecrackers to Lisa by June 1, but his factory explodes in April so he suspends operations. The contract:
A) has suffered a novation
B) has incurred a rescission
C) has incurred the failure of a condition precedent
D) has been terminated by impossibility
E) none of the other choices
Correct Answer:
Verified
Q504: Under the doctrine of discharge by impossibility
Q505: Impossibility:
A) discharges the obligations of the parties
Q506: Mercedes promises to deliver 10,000 cars to
Q507: Fernando owes Lucia $8,000. They both realize
Q508: If, during a contract, a party incurs
Q510: A(n) _ is an agreement by the
Q511: The doctrine of _ is used to
Q512: When parties agree to discharge one party
Q513: An accord is an agreement by the
Q514: A(n) _ is an agreement by the
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