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1. PARTY 1 PERFORMS BUT PARTY 2 IS NOT SATISFIED? Does the promisor have to be subjectively satisfied or whether the terms
satisfaction was intended to mean objective satisfaction.
-objective satisfaction is determined by whether a reasonable person would be
satisfied regardless of whether the promisor was actually satisfied.
-If K is conditioned on personal satisfaction of party, courts apply the subjective test
because that is the intention of the parties. Must be genuine and not in bad faith.