Question $22$

The completion of a contract when both parties no longer have obligations under it because they have performed everything in good faith is known as

Operation of Law.

dismissal of obligorship.

discharge.

Substantial Performance.

Question $25$

Systematic Systems $($SS$)$ entered into an agreement with Creative Computing $($CC$)$ for CC to deliver $1,000$ computer hard drives to SS$,$ "FOB SS warehouse." A check for payment will be given on delivery. On the way to make the delivery, the truck was overturned by a tornado. The driver escaped alive, but the hard drives were ruined. Which of the following statements is true?

O This is a destination contract, and because delivery had been initiated, the $SS$ bears the risk of loss.

This is a shipment contract, and CC bears risk of loss.

This is a destination contract, and since the goods were never properly tendered, CC bears the risk of loss.

This is a shipment contract, and SS bears risk of loss because the hard drives had been set aside and tendered.