6 Not yet answered Points out of 1.00 Larry Feldman's Lamborghini was stolen. By the time her recovered the car, it had been extensively damaged. The car was insured by Speedway Insurance Co. under a policy that provided coverage for theft, but only if the person claiming coverage allow Speedway "to inspect and appraise the damaged vehicle before its repair or disposal." Without notifying Speedway and giving them an opportunity to inspect the vehicle, Feldman sold the car to a wholesale car dealer. Speedway denied coverage and Feldman sued. How is a court likely to rule? Flag question O a. For Speedway because Feldman knew of, and agreed to abide by, the terms and conditions of the policy and failed to satisfy them. O b. For Feldman because Speedway was using a technicality of the contract to avoid paying. O c. For Feldman because there were police reports which documented the damage to the Lamborghini, and the damage was so extensive there really was nothing to expect. Question 7 Not yet answered Points out of 1.00 P Flag question Terra Firm, LLC hires Xavier Excavations, Inc. to excavate and grade a new subdivision that Terra Feme intended to build. 3/5th Bank financed the project with a loan to Terra Firm. Xavier received 90% of their money when Terra defaulted on the loan. The bank foreclosed and took possession of the property, then refused to pay Xavier the remaining 10% it was owed because Xavier failed to obtain an engineer's certificate of final completion, which had been a condition under its contract with Terra Firm. Xavier sued the bank on the grounds that it had completed all the work. Who is likely to win? a. The Bank because Xavier received 90% of their money, which the Bank had paid out (to Terra Firm) and was not likely to recover. O b. Xavier is correct because they completed all of the work. Oc. The Bank is correct because Xavier failed to satisfy a condition of the contract. Question 8 Not yet answered Points out of Val's Foods signs a contract to buy 1,500 pounds of basil from Sun Farms. While Sun Farms is preparing to harvest the basil, an unexpected hailstorm destroys half the crop. Sun Farms attempts to purchase additional basil from other farms, but it is late in the season, and the price is twice the normal market price. Sun Farms is too small to absorb this cost and immediately notifies Val's that it will not fulfill the contract. Under which legal theory or theories might Sun Farms claim that its obligation under the contract has been discharged by operation of law? 1.00 Flag question a. The theory of unmet conditions. Ob. The theory of material alteration. C The theory of novation. Od. Sun Farms is discharged from the contract due to unforeseen circumstances. Qui 6 1 Finish a