Superb Construction,Inc. ,contracts to build a store for Tasty Confection Company,with Tasty's payment due on June 1.On June 1,Tasty's bank is closed,and for this reason,Tasty claims it cannot pay Superb on time.In this situation
A)Tasty's bank is in breach of contract.
B)Tasty is in breach of contract.
C)the contract is discharged.
D)the contract is suspended.

Question

Quizplus · Accepted Answer

Tasty is in breach of contract because it is responsible for ensuring that payment is made on time, regardless of any issues with their bank. It is not a valid excuse for non-payment. However, Superb Construction may choose to grant an extension or renegotiate the terms of the contract.