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Dexter and Posley enter into an agreement whereby Dexter is to grow and deliver corn to Posley at a specified time, price, quantity and quality.

Dexter and Posley enter into an agreement whereby Dexter is to grow and deliver corn to Posley at a specified time, price, quantity and quality. The agreement states that "either party may terminate this agreement at any time." After more than 10 years of performance under the contract, Dexter terminates the agreement.Is Dexter justified?

Question 7 options:

A)

Yes, regardless of whether Dexter gave Posley reasonable notice of termination.

B)

Yes, because the termination provision was clear and unequivocal.

C)

No, because a termination clause must be set forth with specificity.

D)

No, unless Dexter gave Posley reasonable notice.

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