Once he got the plans from Homer, Krusty entered into a contract to have Burns Construction build Krusty World for $35 million in 2 years. The contract stipulates that Krusty will pay three installments: $15 million at 6 months after the contract date, $10 million at 1 year after the contract date and $10 million at 2 years after the contract date. Burns Construction began work immediately after the contract was signed by Krusty and Mr. Burns, the CEO of Burns Construction. Krusty paid the first installment of $15 million on time but his cheque for the second installment bounced. Burns Construction has already incurred construction costs of $22 million and cannot afford to continue the project without the money from the second installment payment. Krusty refuses to pay anything further to Burns Construction until the project is completed. (Note: The contract states that time is of the essence.) Question 5 (1 point) Listen What type of breach of contract has Krusty committed? Breach of warranty Breach of condition Invitation to treat