Solved

Veggy Time,Inc

Question 73

Essay

Veggy Time,Inc.is a distributor of canned vegetables.They have been dealing with Fred Farmer for 10 years purchasing Fred's entire corn crop.Fred's farm is so large and productive that Veggy Time has exclusively bought all of their corn from Fred alone.Once again they have entered into a contract with Fred to purchase his entire 2011 crop and have no other corn sellers under contract.For the entire ten years,Fred has delivered 100,000 bushels of corn to Veggy Time.Unfortunately,due to an extraordinary amount of rain,Fred's fields are flooded and his crop is destroyed.In 2011,Fred can deliver only 10,000 bushels and Veggy Time is about to suffer a huge loss.Does Veggy Time have any rights against Fred to recover for their losses? What could Veggy Time do to mitigate their damages?

Correct Answer:

verifed

Verified

This was an output contract and Fred is ...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents