Jack, a 17 year old, drops in at a Great Buy store to purchase an Xbox on an installment payment plan. A week later, Jack, after playing games on a new Nintendo, wants to return his Xbox to Great Buy and cancel the contract. What is the legal status of Jack's agreement with Great Buy? ince Jack is over 16 years of age neither he nor Great Buy can cancel the contract and he is 'gally bound by the agreement Since Jack is a minor and the Xbox is not a necessary of life, either Jack or Great Buy may void the agreement Since Jack is a minor and the Xbox is not a necessary of life, Jack may cancel the agreement, but Great Buy cannot Since the agreement provides a benefit to Jack, it is a valid contract which Great Buy can enforce against Jack's parents since he is a minor Herbert is food delivery driver. He and Al Wilson enter into a contract for Herb to deliver meals for Al's company. This agreement is set to commence on January 1st and last until June 1st. Herb was to pay Al $100 per day while he was delivering his meals. At first, Herb was really happy to have entered into the agreement. However, when he calculated the profits he soon realized that $100 was too little and that he would lose money if he fulfilled his side of the agreement. On December 30th, he informed Al that he would not be making deliveries for her. Al was desperate and begged him to reconsider. He said, "Think about it until tomorrow. Don't make any decisions until we meet again tomorrow." He agreed. That night, Herb parked his delivery truck in AL's company garage. At 2am, a major fire broke out and his truck was destroyed. He learned of the fire at 9am on December31st. As he is no longer capable of making the delivery, he immediately contacted Al and notified him that he would not be making any deliveries on January 1st. He is outraged and sues him for breach of contract. Which of the following is true? Al must wait until January 1st. He can sue him for Breach of Contract after that day. Al can sue him immediately when he tells her that he will not be completing the agreement As this was something that occurred that was beyond their control, unpredictable at the time of the agreement and renders the contract impossible to fulfill Herh can claim that the contractais frustrated