Ask Question
BusinessBusiness
23 May, 22:00

Tanya contracts with Suite Condos Corporation to buy a unit in Suite's Bayview Tower at a premium for its view of River Bay. Unforeseeably, the town of River Bay changes its zoning law. Resort Hotels, Inc., constructs River Bay Resort, blocking what would have been Tanya's view. Tanya's best argument for a change in the Suite contract or its price is

+3
Answers (1)
  1. 23 May, 22:04
    0
    Tanya's best argument for a change in the Suite contract or its price is frustration of purpose.

    Explanation:

    The frustration of purpose is a matter of contract law and occurs when unpredicted circumstances weaken the purpose of the contract. To implement the concept of the frustration of purpose, both sides must have been aware of the main purpose of the contract, to start with.

    For example, Joseph rents a store from Alex to sell exotic snakes to the public. The length of the contract is five years. After two years in the enterprise, laws are passed that ban the sale of exotic snakes within the USA.

    The remaining 3 years of the lease could be reasons for Joseph because Alex realized that the real aim of the lease is to market poisonous snakes. With the snake's ban, Joseph has no reason to continue the rent unless he wants to. So Alex could also cancel the contract to rent the property to a different company.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Tanya contracts with Suite Condos Corporation to buy a unit in Suite's Bayview Tower at a premium for its view of River Bay. Unforeseeably, ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Carol and Dave each purchase 100 shares of stock of Burgundy, Inc., a publicly owned corporation, in July for $10,000 each. Carol sells her stock on December 31 for $8,000.
Answers (1)
Tracy stopped by a vending machine at 10:00 a. m. Even though she wanted to get a soda, she thought it was too early for that, and chose a bottled juice instead.
Answers (1)
A company that produces racing motorbikes has several models that sell well within the motorcycle racing community and which are very profitable for the company.
Answers (1)
Clemente Co. owned all of the voting common stock of Snider Co. On January 2, 2011, Clemente sold some equipment to Snider for $125,000. The equipment had a cost of $140,000.
Answers (1)
The centralized computer technology department of Hardy Company has expenses of $78,400. The department has provided a total of 11,200 hours of service for the period.
Answers (1)
New Questions in Business
An investment center: Multiple Choice Is a cost center for which management is able to identify the original amount invested. Is a subunit of the organization that provides services to other centers within the organization.
Answers (1)
A grand campaign is organized by a PR firm to recruit undergraduates for the Institute of Legal Education, a private institution.
Answers (1)
Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $1,500 of direct materials and used $3,000 of direct labor.
Answers (1)
During January 2017 General Fund supplies ordered in the previous fiscal year and encumbered at an estimated amount of $2,000 were received at an actual cost of $2,200. The entry to record this transaction will require a debit to: A.
Answers (1)
An organization estimated that in a particular year the population of a country spent $10.4 trillion in personal consumption. The major categories of these expenditures are durable goods ($1.
Answers (1)
Home » Business » Tanya contracts with Suite Condos Corporation to buy a unit in Suite's Bayview Tower at a premium for its view of River Bay. Unforeseeably, the town of River Bay changes its zoning law. Resort Hotels, Inc.
Sign Up Forgot Password?