Pym had an idea for an invention.Campbell agreed to purchase a share of that invention, but only if it was approved within one week by two specific engineers, who were independent of the parties.One of the engineers gave his approval, but the other, who was on vacation, did not.Pym nevertheless claimed that Campbell was required to proceed with the anticipated purchase.Which of the following statements is most likely to be TRUE?
A) Pym's argument will succeed on the basis of the concept of self-induced impossibility.
B) Pym's argument will fail because the contract was subject to a condition precedent that was not satisfied.
C) Pym's argument will succeed because Campbell has breached a term of the contract.
D) Pym's argument will fail because the parties' agreement was subject to a true condition subsequent.
E) Pym's argument will fail because the parties' agreement was frustrated.
Correct Answer:
Verified
Q41: Which of the following statements regarding methods
Q42: Brock contractually agreed to build a deck
Q43: Samuel entered into a contract with AE
Q44: Svetlana, a carpenter, agreed to make 100
Q45: Which of the following statements is TRUE
Q47: Which of the following sets of concepts
Q48: An "innominate term" is a term that
A)is
Q49: Rande contractually agreed to purchase his electricity,
Q50: Pina contractually agreed to purchase a shipment
Q51: A homebuilder, Jim, accepts an entire contract
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents