Gina enters into a contract to buy a commercial building from Hope for a certain price subject to an appraiser's evaluation of the structure's condition. If the appraiser deems the condition to be substandard, the parties' obligations will be
A) breached.
B) discharged.
C) altered.
D) unaffected.

Question

Quizplus · Accepted Answer

The contract is contingent upon the appraiser's evaluation. If the condition is deemed substandard, the contingency is not met, and the parties' obligations are discharged.

Gina Enters into a Contract to Buy a Commercial Building