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Secure Courier, Inc., has a requirements contract with Petro Distribution Corporation that obligates Petro to supply Secure with all the gasoline it needs for its delivery vehicles for one year at $2.30 per gallon. A clause inserted in small print in the contract by Secure, and not noticed by Petro, states, "The buyer reserves the right to reject any shipment for any reason without liability." For six months, Secure orders and Petro delivers under the contract without any controversy. Then, because of a war in the Middle East, the price of gasoline to Petro increases substantially. Petro tells Secure it cannot possibly fulfill their contract unless Secure agrees to pay $2.50 per gallon. Secure, in need of the gasoline, agrees in writing to modify the contract. Later that month, Secure learns it can buy gasoline at $2.40 per gallon from Refined Oil Company. Secure refuses delivery of its most recent order from Petro, claiming, first that the contract allows it to do so without liability, and second, that it is required to pay only $2.30 per gallon if it accepts the delivery. Discuss Secure's contentions.
bank z 10 rrassetsliabilities rr k200000deposits k2000000er k1800000you are given the above balance sheet for bank z
Suppose a chocolate bar manufacturer promotes its products by advertising and opportunity to win a ‘free car’. Is this car free because the winner pays zero for it?
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Suppose seven identical items are auctioned one by one. What complication does this present for bidders? Which items, the first or the last, would you expect to sell for the lowest prices on average?
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Write the model in matrix form and determine the equilibrium values of national income, consumption, and investment.
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What is the opportunity cost of smashing a building for Soloman Grundy - the effect of the tax on the quantity sold would have been larger if the tax was placed on the buyer instead of the seller.
a now add the public sector as represented by govt spending and taxes as in columns 5 amp 6 in table below.b calculate
a contract or agreement does not have to be between two companies. another example of a dispute can be that of
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