Multiple Choice
Jason owes Stephen $1,000 for yard work Stephen performed for Jason.The money is due on May 1.On April 30,Jason goes to the bank to get the money and discovers that the bank will be closed until May 2.Jason
A) will be in breach of contract when he fails to pay Stephen on May 1.
B) will not be in breach of contract when he fails to pay Stephen on May 1 due to objective impossibility.
C) is discharged from any contractual liability to Stephen.
D) will not be in breach of contract when he fails to pay Stephen on May 1 as long as he pays the $1,000 plus ten percent interest on May 2.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: Usually,a contract that involves mechanical fitness only
Q6: Contracts that are executory on both sides
Q7: Lon enters into a contract to mine
Q8: A party is entitled to cancel a
Q21: The only way that a party can
Q29: Fashion Retail Center enters into a contract
Q51: Hal contracts with Credit Services,Inc.(CSI),to pay $500
Q59: Quest Resources, Inc., contracts with Ring Communications
Q69: Hybrid Corporation enters into a contract with
Q82: To rescind a contract, each party essentially