Question 2 (2 points) Saved Listen In the contract between a store and a supplier, there is a clause that allows either party to end the contract on 5-days notice should the actions of employees bring operations to a temporary halt at the supplier's plant. This clause is an example of laches a force majeure clause. a frustration of contract clause. an option to terminate a condition subsequent clause. Question 3 (2 points) Saved Dave, an experienced composer was hired to prepare a musical composition for a dictator of an oppressed emerging market country. He had misgivings about the job from the beginning as he disagreed with the country's human rights record and decided to walk away from the contract. How would you characterize Dave's actions? Revocation Substantial Performance Express Repudiation Implied Repudiation Mitigation Mel sold her car to a friend after she contacted her bank about her friend taking over the loan The bank cancelled the loan and replaced it with one in Mel's friend's name and then providing a release to Mel. This is a guarantee. an example of a chose in possession an example of a chose in action. an equitable assignment novation Cant Construction Ltd, signed a contract with a homeowner for the construction of a house. The house was not built in accordance with the contract, so the homeowner sued Cant seeking damages. The homeowner was successful in getting a judgement against Cant, but found that Cant has insufficient assets to satisfy the judgment as it regularly transferred its cash to its parent company 121563 Ontario Limited. Can the homeowner collect from 121563 Ontario Limited? Yes, according to the Statute of Frauds No, according to the parol evidence rule Yes, this is a statutory novation No, according to the doctrine of privity of contract Yes, according to the doctrine of promissory estoppel