Contractors Service, Inc., enters into a contract to build a restaurant for Dierdre with her payment due on August 1. On August 1, her bank is closed, and for this reason, she claims that she cannot pay on time. In this situation
A) Dierdre's bank is liable to Contractors Service.
B) Dierdre is in breach of contract.
C) the contract is discharged.
D) the contract is suspended.

Question

Contractors Service, Inc., enters into a contract to build a restaurant for Dierdre with her payment due on August 1. On August 1, her bank is closed, and for this reason, she claims that she cannot pay on time. In this situation​
A) ​Dierdre's bank is liable to Contractors Service.
B) ​Dierdre is in breach of contract.
C) ​the contract is discharged.
D) ​the contract is suspended.

Quizplus · Accepted Answer

Dierdre is in breach of contract as she did not make the payment on the agreed-upon date. The fact that her bank was closed is not a valid excuse for non-payment unless it was an unforeseeable event beyond her control.