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.

---

Definitions:

Chemical Engineer

A professional who applies the principles of chemistry, biology, physics, and math to solve problems involving the production or use of chemicals, fuel, drugs, food, and many other products.

Business Ownership

The legal possession and responsibility for a business entity, including sole proprietorships, partnerships, corporations, and limited liability companies.

Industry Weakness

Aspects or characteristics of an industry that represent disadvantages or vulnerabilities, potentially hindering its performance or growth.

Process Innovation

Involves the introduction or improvement of goods, services, or processes, enhancing effectiveness or efficiency.