Mary has a contract to buy Jena's house. The contract says that Mary's obligation to go through with the purchase is contingent upon Mary selling the house she currently owns. Another clause in the contract makes Mary's purchase contingent upon the house satisfactorily passing a termite inspection. The standard used to determine whether or not the result of the inspection is "satisfactory" is
a. The subjective standard: is Mary personally satisfied?
b. The objective standard: would an average, reasonable person be satisfied?
c. The constructive standard: would a court of equity find the result satisfactory?
d. The estoppel standard: would a defendant be estopped from challenging the result?
Ans: b. The objective standard: would an average, reasonable person be satisfied?
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