On April 1, KO Contractors, Inc

question 73

Multiple Choice

On April 1, KO Contractors, Inc., contracts to build a store for Lo-Cost Jewelry at a specific location in Metro City. On May 1, Metro changes its zoning laws to prohibit the construction of a commercial building at that location. Lo-Cost files a suit against KO. In this situation

• A) KO is in breach of contract.
• B) Lo-Cost is in breach of contract.
• C) the contract is discharged.
• D) the contract is suspended.

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Definitions:

Dry Cement

A powdery substance made by calcining lime and clay, used with water to make concrete, mortar, or plaster.

Dry Bulk Pressure Hopper

A container designed for transporting dry bulk materials, utilizing pressurized air to aid in the unloading process.

Variance

A statistical measure of the dispersion of data points in a data set, indicating how far each data point lies from the mean.