Edward granted JM the exclusive right to sell his brand of boxing gloves in the entire Luzon, the price for his product is payable within ninety (90) days from delivery, and promising JM a commission of thirty percent (30%) on all sales. After the delivery of the boxing gloves to JM but before he could sell any of it, JM's warehouse in Quiapo, Manila was completely burned without his fault or negligence. All boxing gloves delivered by Edward to JM that were placed inside the warehouse turned into dust. Is it correct to say that JM must pay Edward? Why?