ber and signed contract with some venders. Due to Covid – 19 outbreak the house hold started panic buying so the price of Onion increased four times. Meanwhile government to take control of the situation took precautionary measure and d

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Imagine you are appointed as a stockists of Onion in Jaipur, India. You plan for the sales of the Onion at nearby rural area through rural vender as channel member and signed contract with some venders. Due to Covid – 19 outbreak the house hold started panic buying so the price of Onion increased four times. Meanwhile government to take control of the situation took precautionary measure and declared the stocking of onion as illegal. Explain what would happen to the promise made by you to the rural vendors. Discuss the legal provisions of Indian Contract Act applicable to such promises.
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