What action lewis could have taken on the basis of the rumor

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Reference no: EM131854857

Bryant Lewis contracted to sell Ross Cattle Co. four hundred head of cattle at $47.50 per hundred- weight. Ross made an $8,000 down payment. Before delivery, Lewis heard rumors Ross was in poor financial condition, so Lewis demanded that he receive full payment before delivering the animals. Ross told Lewis the balance would be paid on delivery, based on the weight of the cattle delivered. Lewis refused to deliver the cattle and sold them to a third party. Ross filed suit. Discuss whether Lewis was correct and what action Lewis could have taken on the basis of the rumor.

Reference no: EM131854857

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