Homework Help is Here – Start Your Trial Now!
Business
Business Law
In a contract for the supply of lumber (wood), the claimants agreed to purchase from the defendants a minimum of 22,000 standards of softwood goods of fair specification in 1930 and, in addition, the contract contained an option to buy a further 100,000 standards in 1931. Suppose that the claimants only bought 12,000 standards from the defendants in 1930 but, in 1931, the claimants ordered the further 100,000 standards. The claimant sues the defendant for breach of contract on the basis of the defendant's refusal to fulfill the wood ordered pursuant to the option. Is the claim likely to be successful? Answer YES or NO and explain.

In a contract for the supply of lumber (wood), the claimants agreed to purchase from the defendants a minimum of 22,000 standards of softwood goods of fair specification in 1930 and, in addition, the contract contained an option to buy a further 100,000 standards in 1931. Suppose that the claimants only bought 12,000 standards from the defendants in 1930 but, in 1931, the claimants ordered the further 100,000 standards. The claimant sues the defendant for breach of contract on the basis of the defendant's refusal to fulfill the wood ordered pursuant to the option. Is the claim likely to be successful? Answer YES or NO and explain.

icon
Related questions
Question

Economics - business law.  

In a contract for the supply of lumber (wood), the claimants agreed to purchase from the defendants a minimum of 22,000 standards of softwood goods of fair specification in 1930 and, in addition, the contract contained an option to buy a further 100,000 standards in 1931. Suppose that the claimants only bought 12,000 standards from the defendants in 1930 but, in 1931, the claimants ordered the further 100,000 standards. The claimant sues the defendant for breach of contract on the basis of the defendant's refusal to fulfill the wood ordered pursuant to the option. Is the claim likely to be successful? Answer YES or NO and explain.
Transcribed Image Text:In a contract for the supply of lumber (wood), the claimants agreed to purchase from the defendants a minimum of 22,000 standards of softwood goods of fair specification in 1930 and, in addition, the contract contained an option to buy a further 100,000 standards in 1931. Suppose that the claimants only bought 12,000 standards from the defendants in 1930 but, in 1931, the claimants ordered the further 100,000 standards. The claimant sues the defendant for breach of contract on the basis of the defendant's refusal to fulfill the wood ordered pursuant to the option. Is the claim likely to be successful? Answer YES or NO and explain.
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer