The inauguration of a new United States President is scheduled for January 20th. Ted, wishing to be assured of a place from which to witness the inaugural parade, leased a room along the route for the purpose of seeing the President on that date. The contract states that he intends to use the room for the inauguration. Because of the timing, Ted paid a premium for the room. Assume the president becomes ill and had to reschedule the ceremony for January 30th. Which of the following is a correct assessment of the situation? A. Impossibility of performance discharges the obligations of both parties. B. Ted still has to pay for the room. C. Frustration of purpose discharges the obligations of both parties. D. The president will be liable to the landlord for changing his schedule so abruptly. E. Both parties remain obligated to perform on January 30th.