Jonah entered into a contract with Sporting Videos Inc to appear in an instructional video about rugby. Under the terms of that agreement, he was required to participate in a filming session on March 1. Two weeks before that date, however, he telephoned Sporting Videos and explained to the company's president that he no longer was interested in the project. Which of the following statements is TRUE?
A) Jonah has rescinded the contract.
B) Jonah has committed an anticipatory breach of a warranty.
C) The contract has been frustrated.
D) Sporting Videos ultimately will be held liable if it immediately insists upon performance, but finds, on March 1, that it cannot perform even though Jonah has changed his mind and is ready to perform.
E) If Sporting Video does not respond to Jonah's statement within six weeks, the contract will be discharged under the statute of limitations.
Correct Answer:
Verified
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