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Cengage Advantage Books: Business Law 13th Edition by Roger LeRoy Miller
Edition 13ISBN: 978-1305087859Cengage Advantage Books: Business Law 13th Edition by Roger LeRoy Miller
Edition 13ISBN: 978-1305087859 Exercise 17
Suppose that you contract to purchase steel at a fixed price per ton. Before the contract is performed, a lengthy steelworkers' strike causes the price of steel to triple from the price specified in the contract. If you demand that the supplier fulfill the contract, the supplier will go out of business. What are your ethical obligations in this situation? What are your legal rights?
Explanation
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Legal v. Ethical:
In the case of Steel ...
Cengage Advantage Books: Business Law 13th Edition by Roger LeRoy Miller
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