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On April 1st, Billy Bob Passes a Gun Store and Sees

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On April 1st, Billy Bob passes a gun store and sees an AK-47 automatic rifle in the window on sale. Thinking that it would be perfect for hunting squirrels, he asks about the gun and the store owner says that he has a crate of them. He tells Billy Bob that the sale is good for one more week. Billy Bob gives the owner a deposit of $100 to hold one for him till payday. On April 4th, the state legislature passes a statute banning private ownership of automatic weapons. When Billy Bob goes into the store on April 5th is he entitled to purchase the weapon? Explain.

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No, the contract will terminate due to i...

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