Three years after starting Fearless, Carol and Sidney decide to ask Michael to join the business. Michael shares Carol and Sidney's love of the outdoors. They are also attracted by the $50,000 he has agreed to invest in the company. After receiving legal advice, they decide to register the business as Fearless White Water Rafting Incorporated. The shareholders and board of directors are as follows: Carol, 40% of the common shares, Chair of the Board and CEO Sidney, 40% of the common shares, Director Michael, 20% of the common shares, Director The business decides to upgrade the sports equipment, rafts and office equipment required to operate the business. 4. As part of its plan to upgrade its rafts, Fearless enters into a contract with Canada Rafts Inc. to supply four new ultra-light river rafts. It will take Canada Rafts Inc. a month to fully build the rafts. Before the rafts are built, the supplies needed for the construction are no longer available due to an international dispute. The contract between Fearless and Canada Rafts Inc. is (2 marks): (a) Discharged by agreement as every commercial contract has an implied term that the contract will come to an end if there is a negative regulatory change; (b) Discharged by the doctrine of frustration as an event outside either party's control has made the contract impossible to complete (c) Fully enforceable and Fearless should sue for damages (d) None of the above