Sharon has contracted with Craig to buy Craig's car. She will pay $5,000 in cash, and he will provide the title and registration. They agree to meet at 10 a.m. on Wednesday to exchange their consideration. Unfortunately, Craig dies Tuesday evening.
A) The contract automatically terminates due to impossibility caused by Craig's death.
B) The contract automatically terminates due to impracticability caused by Craig's death.
C) The contract is still valid and Craig's heirs must go through with it based on the agreed terms.
D) The contract is still enforceable; however, Craig's heirs may renegotiate the terms because they are now the owners of the car.
Correct Answer:
Verified
Q55: Which of the following is classified as
Q56: Lon has just come home from serving
Q57: Which of the following involves a third-party
Q58: Sally has just purchased a home and
Q59: Toy Tech (TT) has ordered 50,000 aluminum
Q61: Amos owns a piece of land along
Q62: How do compensatory damages and consequential damages
Q63: When examining and enforcing conditions precedent and
Q64: When you were a senior in high
Q65: You are taking a course with an
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