1. Standard Construction, Inc. (“SCI”), contracts to build a new factory for Martha Stewart’s Chocolate Company (“MSCC”), with MSCC’s payment due on June 1. On June 1, MSCC’s bank is closed, and for this reason, MSCC claims it cannot pay SCI on time. In this situation
SCI is in breach of contract
MSCC is in breach of contract
The contract is fully discharged due to commercial impossiblity
The contract is suspended forever
2. Intelligence is the term given to the information that is collected.
True OR False