Leonard purchased an unconstructed condominium in a large development. The contract

stated that delivery of the completed condo was to be on a date set by the developer before

February 1, 2010. Construction proceeded on schedule except on April 25, 2009, the whole

development burned to the ground. After spending some time looking for the cause of the

fire, the developer started the process of rebuilding in October 2009. It looks like the condo

will be delivered about a year later than originally anticipated. Is Leonard bound by the

contract under these circumstances? Does it matter if the fire was caused by the developer's

negligence?