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George and Gilda signed a contract that stated that George would buy Gilda's land for $10,000. The contract also stated that if, within one year,
George and Gilda signed a contract that stated that George would buy Gilda's land for $10,000. The contract also stated that if, within one year, George was able to find more than one million gallons of oil on Gilda's land, then George would owe Gilda another $500,000 for the land. George then paid Gilda $10,000 for the land. After one year of drilling, George found 950,000 gallons of oil. Gilda then brought suit to collect the additional $500,000. What would be the most probable result of Gilda's suit to collect the additional $500,000 from George? a) Judgment for Gilda, because it was an impossibility for her to know with certainty whether or not the land contained oil. b) Judgment for George, because his duty to perform was extinguished by the nonoccurrence of a contract condition. c) Judgment for Gilda, because she lacked the capacity to know whether or not the land contained oil. d) Judgment for George, because they both signed a valid written contract pursuant to the dictates of the Statute of Frauds
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