Did the court grant lorals request

Assignment Help Management Theories

Reference no: EM131378710

Loral Corporation had a contract with the U.S. government to manufacture radar sets. Loral subcontracted with Austin Instrument for the production of precision parts to be used in the radar sets.

In the middle of production, Austin told Loral that it would deliver no more parts unless Loral agreed to pay Austin a good deal more than originally agreed upon. Loral could not obtain the same parts in time from any other company. As a result, Loral agreed to the price increase.

After delivering the radar sets, Loral sued Austin and asked the court to rescind the price increase. Did the court grant Loral's request? Explain.

Austin Instrument, Inc. v. Loral Corporation, 272 N.E.2d 533 (NY).

Reference no: EM131378710

Questions Cloud

Was beachcomber correct in given situation : Beachcomber sued Boskett for rescission and a return of the $500. Beachcomber claimed this bilateral mistake of fact created grounds for a rescission. Was Beachcomber correct? Explain.

On what legal grounds could the warden refuse : He also received 180 days of administrative segregation and the loss of 1,283 days of goodtime earned. On what legal grounds could the warden refuse to keep his promise to the inmates? Explain.

What influence did later civilizations have on these areas : What factors enabled civilization to appear first in Mesopotamia and then second in Egypt? What influence did later civilizations have on these areas

What is the resulting brake torque : Use the short-shoe approximate relationships. The initial drum speed is 1200 rpm.

Did the court grant lorals request : After delivering the radar sets, Loral sued Austin and asked the court to rescind the price increase. Did the court grant Loral's request? Explain.

How would you predict the court will rule in given case : How would you predict the court will rule in this case? Did the nephew give up enough under the law, or is his promise to Uncle William a cleverly constructed illusion?

What was the name of the atomic bomb : What was the name of the atomic bomb that was dropped on Nagasaki by Ammerica during World War II

Find common rhetorical strategies : WRTG 3012: Writing in the Social Sciences Find common rhetorical strategies (*SPECIFIC ways ethos, pathos and logos are constructed) and discuss specifically how different pieces are using these strategies similarly or differently

What are the different types of detriment : What is consideration?- What are the different types of detriment?- What characteristics are necessary for consideration to be valid?

User Account

All Pages