"Jenson signed a seller agency agreement with Susan. Right before closing, a hurricane destroyed the property. What happened to Jenson and Susan's agreement?"

The agreement terminates by force of law.

Explanation:

When an agreement is formed between two parties and it is not closed, if there is an impairment on performance by one of the parties them the agreement is terminated by the force of law.

Impairment in the ability to perform in a contract be as a result of unavoidable circumstances.

In this case Jenson signed a seller agency agreement with Susan. Right before closing, a hurricane destroyed the property.

The agreement is terminated because Jenson won't be able to provide the property to Susan. His ability to perform his own role in the agreement is impaired because the property has been destroyed by the hurricane

contributions made after 1986. after-tax contributions to employer plans made after 1986 are recovered pro rata with taxable amounts. the remaining $80,000 is from pre-tax contributions, employer matching dollars, and earnings on those amounts.

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