Fashion Futures is an upper end-retail clothing store that specializes in clothing for aging baby boomers who don't want to admit that they are aging. Fashion futures entered into a contract to purchase 100 pairs of designer pants each month for the 2001 calendar year. The pants were to be delivered by the 10th day of each month. For the January order, Fashion Futures ordered 50 pairs of black pants and 50 pairs of navy blue pants. When delivered, the order contained 60 pairs of black pants, 10 pairs of navy blue pants, and 30 pairs of olive green pants. The order was delivered late in the day on January 10. Fashion Futures is upset because the proper goods were not delivered. On January 12, Fashion Futures sent a letter to the supplier saying that it was keeping 20 pairs of the olive green pants and 20 pairs of the black pants, and rejecting all the others, including all the pants for the other 11 shipments. Discuss the legal issues likely to arise when the supplier objects to these actions. Assume that there are no contract provisions addressing any of the legal issues that might arise. What contract provisions might the parties have included in the contract that would have limited the effect of the perfect tender rule?
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q123: Under the doctrine of _,there must be
Q124: John needs a new car and goes
Q125: Sheila entered into a contract to sell
Q126: Liquidated damages under the UCC:
A) are not
Q127: John needs a new car and goes
Q129: In April,John goes to a dealer and
Q130: Billy Bob orders a custom "Ten Gallon
Q131: Grinning Pig Restaurant contracts to purchase 100
Q132: Is the perfect tender rule too harsh?
Q133: Sustainable Earth Clothiers is a retailer who
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents