Jesse Makes an Offer to Ike,and Ike Accepts;then the State

question 38

Multiple Choice

Jesse makes an offer to Ike,and Ike accepts;then the state legislature passes a law that makes performance of the contract illegal.What is the effect of the new statute on the contract?

• A) The contract is severed;any portions that are legal must still be performed and any portions that have been made illegal must not be performed.
• B) The statute has no effect on the contract.
• C) The statute acts as a condition on the contract.
• D) The statute discharges the obligations of both parties under the contract.

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Definitions:

Altruism

The selfless concern for the well-being of others without expecting anything in return.

Hegel

A German philosopher known for his dialectical method and the concept of the Absolute Spirit, emphasizing the historical development of consciousness and reality.

Spirit

In Hegel, the all-embracing idea that includes the entire universe and all of humanity. More generally, spirit means enthusiasm (as in “team spirit” or “when the spirit moves me”); in religion, spirit usually refers to an intangible being, such as God or, sometimes, the human soul.

Nirvana

In Buddhism, it refers to an exalted condition where there is an absence of pain, craving, or self-identity, and the individual is liberated from karma's influence and the continual cycle of mortality and rebirth.