Deliver one thousand summer suits to taylor place

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ABC Clothiers Inc., has a contract with Taylor and Sons, a retailer, to deliver one thousand summer suits to Taylor's place of business on or before May 1.  On April 1, Taylor senior receives a letter from ABC informing him that ABC will not be able to make the delivery as scheduled.  Taylor is very upset, as he planned a big ad campaign.  He wants to file a suit against ABC immediately (on April 2).  Taylor's son Tom tells his father that filing a lawsuit is not proper until ABC actually fails to deliver the suits on May 1.  Discuss fully who is correct, Taylor or Tom?

 

Reference no: EM13717306

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