Question: Jerome and Mary enter into a contract where Mary agrees to sell a quantity of frewots to Jerome, delivery in four weeks. One week after
Jerome and Mary enter into a contract where Mary agrees to sell a quantity of frewots to Jerome, delivery in four weeks. One week after the contract was created, the state passed a law that made these type of fireworks illegal in the jurisdiction. Jerome wishes to cancel the contract. Mary refuses and demands Jerom pay the agreed upon purchase price.
What is the legal status of the contract between Jerome and Marn? are illegal.
The contract is void and unenforceable.
The contract is vidable at the option of either party.
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