Homework Help is Here – Start Your Trial Now!
Business
Management
Louis Dupris, one of largest grain traders in Europe is based in Alsace, France, and recently won a USD 25 million contract to export grain to Singapore. Mr. Dupris prepared the required containers and shipped them to the buyer, hoping to collect the funds in 60 days. While the grain was being transported to Singapore, the price of grain tumbled by 58 percent, causing the importer to refuse taking ownership of the grain containers. Discuss how this drop in price can cause a conflict between the companies and how this dispute can be resolved.

Louis Dupris, one of largest grain traders in Europe is based in Alsace, France, and recently won a USD 25 million contract to export grain to Singapore. Mr. Dupris prepared the required containers and shipped them to the buyer, hoping to collect the funds in 60 days. While the grain was being transported to Singapore, the price of grain tumbled by 58 percent, causing the importer to refuse taking ownership of the grain containers. Discuss how this drop in price can cause a conflict between the companies and how this dispute can be resolved.

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
See similar textbooks
icon
Related questions
Question

Qd 214.

Louis Dupris, one of largest grain traders in Europe is based in Alsace, France, and recently won a USD 25 million contract to export grain to Singapore. Mr. Dupris prepared the required containers and shipped them to the buyer, hoping to collect the funds in 60 days. While the grain was being transported to Singapore, the price of grain tumbled by 58 percent, causing the importer to refuse taking ownership of the grain containers. Discuss how this drop in price can cause a conflict between the companies and how this dispute can be resolved.
Transcribed Image Text:Louis Dupris, one of largest grain traders in Europe is based in Alsace, France, and recently won a USD 25 million contract to export grain to Singapore. Mr. Dupris prepared the required containers and shipped them to the buyer, hoping to collect the funds in 60 days. While the grain was being transported to Singapore, the price of grain tumbled by 58 percent, causing the importer to refuse taking ownership of the grain containers. Discuss how this drop in price can cause a conflict between the companies and how this dispute can be resolved.
Expert Solution
steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
Understanding Business
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON
SEE MORE TEXTBOOKS