Janice Contracts to Sell a Certain Tract of Land to Anthony

question 1

Multiple Choice

Janice contracts to sell a certain tract of land to Anthony for $5,000,but the contract does not state a time for delivery of the deed and payment of the price.In this situation:

• A) the contract will be considered void for lack of essential terms.
• B) the law will imply that the respective performances are independent of each other and may occur whenever "reasonable under the circumstances."
• C) courts will treat the promises to deliver the deed and to pay the $5,000 as mutually dependent.Anthony's duty to pay is conditioned upon Janice's delivery of the deed and Janice's duty to deliver the deed is conditioned upon Anthony's payment or tender of $5,000 to Janice.
• D) Janice's duty to deliver the deed and Anthony's duty to pay the $5,000 are "implied-in-fact" conditions.

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