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 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.
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 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.
D)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.
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".

Question

Quizplus · Accepted Answer

A)In finding for the supply house and awarding the higher price for deliveries after January 1,the court relied on 1)the plain meaning of "adhered to for the year" as opposed to "adhered to for a year";2)the customary practice in the trade for building supply products to be increased on January 1 if they were to be increased at all;and 3)the fact that the builder had had actual notice of the January 1 price increase before the deliveries after January 1.

What Was the Court's Ruling in Loizeaux Builders Supply Co