The Grand Performance Hall Is in the Process of Remodeling

question 34

Multiple Choice

The Grand Performance Hall is in the process of remodeling and is scheduled to open for business after being closed for 50 years.As part of the remodeling,it is installing a new sound system.The sound system is to be installed by Sound Systems,Inc.on or before April 10.Opening night of the hall is May 1.The contract states that "time is of the essence" because of the opening-night deadline.Sound Systems has some financial difficulties and doesn't deliver the system until April 20.Grand Hall refuses to accept it,and Sound Systems sues.What result?

• A) Grand Hall wins; the contract date was strictly enforceable.
• B) Sound Systems wins; the contract was substantially performed.
• C) Grand Hall wins; there was commercial frustration.
• D) Sound Systems wins; there was a true impossibility.

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Definitions:

Research

The process whereby scientists observe events, look for patterns, and evaluate theories proposed to explain those patterns.

Third Variable Problem

The possibility that two variables may be correlated but do not exert a causal influence on one another; rather, both are caused by some additional variable.

Mutual Association

A relationship between two or more entities where both or all parties benefit or influence each other.

Correlation

A statistical measure that indicates the extent to which two or more variables fluctuate together. A positive correlation indicates that as one variable increases, so does the other.