Sharon Has Contracted with Craig to Buy Craig's Car

question 38

Multiple Choice

Sharon has contracted with Craig to buy Craig's car. She will pay $5,000 in cash, and he will provide the title and registration. They agree to meet at 10 a.m. on Wednesday to exchange their consideration. Unfortunately, Craig dies Tuesday evening.

• A) The contract automatically terminates due to impossibility caused by Craig's death.
• B) The contract automatically terminates due to impracticability caused by Craig's death.
• C) The contract is still valid and Craig's heirs must go through with it based on the agreed terms.
• D) The contract is still enforceable; however, Craig's heirs may renegotiate the terms because they are now the owners of the car.