Which of the Following Statements Is TRUE

Multiple Choice

Which of the following statements is TRUE?

A) Bankruptcy always relieves a contractual party from the need to satisfy any obligation that arose under a contract.
B) The doctrine of frustration applies in favour of the innocent party if the other party to a contract intentionally makes it impossible to perform the contract.
C) The lapse of time under a statute of limitation causes a contract to be wiped out altogether.
D) The breach of an intermediate term sometimes allows the innocent party to discharge the contract.
E) In contrast to the doctrine of promissory estoppel,there is no possibility of retraction and resumption of rights under the doctrine of waiver.