Don enters into a contract to buy Ezra's commercial building 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) discharged .
B) breached .
C) altered.
D) performed.

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.

Don Enters into a Contract to Buy Ezra's Commercial Building