Explain the significance of that event

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DG Corp. has recently created a genetically modified cow, which they named Elsie. The MJ Dairy Co. contacts DG about buying Elsie. On November 1st, DG and MJ sign a contract stating that DG will sell Elsie to MJ for $50,000. What neither party knows is that Elsie died during the preceding night. Explain the significance of that event.

Reference no: EM131667453

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