Case Study Question: (You must answer this question). Please carefully read the case and answer the two questions below -

A company in Newfoundland, Joeys Fish Ltd., enters into a contract with TastyFish Ltd., a British (UK) firm, in which Joeys Fish agreed to supply the British with regular shipments of dried fish. The parties used the standard form prepared by Joeys Fish; however, TestyFish objected to the provision that if shipping rates between NewFoundland and the United Kingdom increased by more than 10% in any six-month period, the price of the shipment would be adjusted to reflect the increased cost of shipping. The sales manager of Joeys Fish agreed during negotiations that the offending clause would not be applied against TestyFish, but no change to the standard form was made, and both parties signed the form without alteration. Shipping rates did rise during the life of the contract, but deliveries were made on schedule by Joeys Fish. Testy Fish refused to pay the increased price, and Joeys Fish sued Tasty Fish for the unpaid amount.

Please answer these questions. The length of each answer should not be more than 400 words.

1) What law will apply to this contract? Will Joeys Fish succeed in this action? Explain your answer. (8 marks)

2) Suppose, in this scenario, that Testy Fish was located, not in the United Kingdom but in Japan. Would this change the outcome of the action? Why? Explain your answer. (7 marks