Bob has a contract with Jim to buy Jim's car. Jim's car is destroyed when the garage where he stored it burns down. If Bob sues Jim for breaching the contract, which of the following is true?

Jim will be held to have breached the contract.

The court is likely to hold that the breach was not material.

Jim will be required to find a substitute car for Bob.

The court will hold that Jim's contractual obligation was discharged.

Jim will win due to the failure of a condition to occur.

None of the answers is correct.