Michael Products Limited and Jensen Corporation Enter into an Agreement

question 3

Multiple Choice

Michael Products Limited and Jensen Corporation enter into an agreement under which Michael Products Limited agrees to supply 20 tonnes of soap to Jensen Corporation. Jensen agrees to pay $20,000 for the products. The agreement includes a provision to the effect that the agreement is conditional of Jensen providing a letter from a bank, no later than two days after the execution of the agreement, that Jensen Corporation has the funds to pay for the goods. Three days after the signing of the agreement, Michael Products Limited has not provided the letter from the bank.
Jensen Corporation can because _.

• A) terminate the contract; the contract is void
• B) continue with the contract; the contract is not void
• C) walk away from the contract; the contract is void
• D) continue with the contract; the contract is effective

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Definitions:

Sympathetic Nervous System

Part of the autonomic nervous system that prepares the body for quick action in emergencies; "fight or flight" response.

Parasympathetic Nervous System

A division of the autonomic nervous system responsible for conserving energy and promoting a state of calm and rest in the body.

Glial Cells

Non-neuronal cells in the central nervous system that support, protect, and provide a supportive framework for neurons.

Brain's Cells

Cells in the brain, including neurons that transmit nerve impulses and glial cells that support and protect neurons.