An importer ordered a batch of wood from aexporter. TheIDI that “If it suffers gMABrazilianMstipulateve.SHsg alintervention, the contract's period of validityshould be extended or the contract should becancelled." The Brazilian rain forest sufferedDeforestation and tMYI set restriction he BrazilianSHAon woodSHAONexportation, which imposed difficulty on thecontract fulfillment before the deadline of thecontract. The exporter requested that thecontract should be delayed or cancelled for thereason of Force Majeure. The importer didn'tMAMATSHAREaccept this request and claimed forcompensation.Question:Is the claim for com Aon lodged by theimporter reasonable or not? 21910MARCa

>Here the exporting country is Brazil. >According to the contract the "If it suffers…

Answered: Is MAClaim for comp MA lodged by the…

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Is MAClaim for comp MA lodged by the importer reasonable or not? 21910

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

An importer ordered a batch of wood from a
exporter. The
ID
I that “If it suffers g
MA
Brazilian
M
stipulateve.
SH
sg al
intervention, the contract's period of validity
should be extended or the contract should be
cancelled." The Brazilian rain forest suffered
Deforestation and t
MY
I set restriction he Brazilian
SHA
on wood
SHAON
exportation, which imposed difficulty on the
contract fulfillment before the deadline of the
contract. The exporter requested that the
contract should be delayed or cancelled for the
reason of Force Majeure. The importer didn't
MA
MAT
SHARE
accept this request and claimed for
compensation.
Question:
Is the claim for com Aon lodged by the
importer reasonable or not? 21910
MARCa

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