Ann offers to buy Beth's land only if an appraiser estimates that its current value is more than a certain price. Later, the appraiser deems the worth of the land to be less than Beth's price. Ann and Beth's obligations
A) must still be performed.
B) must now be renegotiated.
C) are on "hold."
D) are discharged.

Question

Ann offers to buy Beth's land only if an appraiser estimates that its current value is more than a certain price. Later, the appraiser deems the worth of the land to be less than Beth's price. Ann and Beth's obligations​
A) ​must still be performed.
B) ​must now be renegotiated.
C) ​are on "hold."
D) ​are discharged.

Quizplus · Accepted Answer

The obligations are discharged because the condition (the land being appraised for more than a certain price) was not met, thus nullifying the agreement.

Ann Offers to Buy Beth's Land Only If an Appraiser