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Axel rented from Lester a room overlooking the main thoroughfare of Coastal City. The purpose of the transaction, known to Lester, was to provide Axel with a view of a large parade that was a highlight of the holiday season. Unexpectedly, a late season hurricane struck Coastal City, causing cancelation of the event. Axel refuses to pay the agreed rental. If Lester sues, who should prevail?

A. Lester, because the subject matter of the contract was not destroyed.

B. Lester, because the lease was commercially practicable.

C. Axel, because the contract was impossible to perform.

D. Axel, because of frustration of purpose

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M985296

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