A Agrees in Writing to Buy B's Property for $20

question 22

Multiple Choice

A agrees in writing to buy B's property for $20 000.00.The agreement states that A shall have five days from the date of the agreement to find mortgage financing.A is unable to find mortgage financing in five days and notifies B.In this case

• A)the contract has been discharged by operation of a condition subsequent.
• B)the contract has been discharged by waiver.
• C)the contract has not been discharged.
• D)the contract has been discharged by operation of a condition precedent.
• E)the contract has been discharged by novation.

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Definitions:

Zinc-Brass

An alloy predominantly made of copper and zinc, used in a variety of decorative and practical applications for its resilience and finish.

Terracotta

A type of earthenware, a clay-based unglazed or glazed ceramic, where the fired body is porous, commonly used for sculptures and pottery.

Sandstone

A sedimentary rock composed mainly of sand-sized mineral particles or rock fragments, often used in building construction.

Laocoön

This term refers to a Trojan priest of Poseidon in Greek mythology, who warned against accepting the Greek wooden horse, and to the famous ancient sculpture depicting Laocoön and his sons being attacked by sea serpents.