Standard Construction, Inc. (SCI), contracts to build a store for Tasty Confection Company (TCC), with TCC’s payment due on June 1. On June 1, TCC’s bank is closed, and for this reason, TCC claims it cannot pay SCI on time. In this situation
A. SCI is in breach of contract.
B. TCC is in breach of contract.
C. the contract is discharged.
D. the contract is suspendeD.
Answer:B
Standard Construction, Inc. (SCI), contracts to build a store for Tasty Confection Company (TCC), with TCC’s payment due on June 1. On June 1, TCC’s bank is closed, and for this reason, TCC claims it cannot pay SCI on time. In this situation
A. SCI is in breach of contract. B. TCC is in breach of contract. C. the contract is discharged. D. the contract is suspendeD.