What was the court's ruling in Loizeaux Builders Supply Co. v. Donald B. Ludwig Company, the case in the text about whether a supplier's telephone call in February that the low price for concrete "would be adhered to for the year" still applied after January 1, when the supplier raised its price?
A) The court found for the supplier and awarded the higher price for deliveries after January 1, based on the plain meaning of "adhered to for the year", the customer practice in the industry to raise prices January 1, and the fact that the buyer had actual notice of the price increase.
B) The court found for the supplier and awarded the higher price for deliveries after January 1, because there were witnesses who supported the supplier's testimony.
C) The court found for the buyer and split the price difference, because the contract is between merchants, who are held to a higher standard of care, but the buyer had actual notice of the price increase.
D) The court found for the buyer and awarded the lower price for deliveries until February 1, because the contract is between merchants, who are held to a higher standard of care.
E) The court found for the buyer and awarded the lower price for deliveries until February 1, based on the plain meaning of "adhered to for a year".
Correct Answer:
Verified
Q65: According to Exhibit 21-6 of the text,
Q66: Under the UCC, when will additional terms
Q67: After conducting a great deal of research,
Q68: According to Exhibit 21-5 in the text,
Q69: [Lucky Morton] Morton, who owns 500 acres
Q71: Which of the following statements is true
Q72: Which of the following items would not
Q73: What are the UCC's exceptions to the
Q74: According to Exhibit 21-5 in the text,
Q75: Are there any steps Emilia should take
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