Question: Chapter 6 HOMEWORK #4 Instructions: Answer all the questions. Follow the problem statements and avoid assumptions. 1. Company XYZ is a factory, while Company ABC


Chapter 6 HOMEWORK #4 Instructions: Answer all the questions. Follow the problem statements and avoid assumptions. 1. Company XYZ is a factory, while Company ABC is an electrical service provider. In 1938 both companies signed an agreement where the contract states that Company ABC will supply energy to company XYZ and company XYZ will pay based on total usage agreed-upon fixed rate per unit of usage for 3 years. However, throughout the period of their contract, in 1940 World War broke out, causing a major surge in gasoline costs that was felt worldwide. Now, because of the incident Company ABC contacted Company XYZ to notify that there will be an increase in electricity rate per unit of usage because gasoline increase. But Company XYZ did not accept it and insisted that the fixed rate written in the Agreement should be honored. Yet, Company ABC claims that the fixed rate agreement did not foresee the World War, which impacted company's operations and forced to charge its business clients higher prices in order for it to recover. a.) Search a similar case related to this problem (at least 5) b.) Defend the Company ABC side. Site articles/law that are used
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