Frans Flowers grows flower blooms, which in 2019 it agreed to supply for 10 years to a
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Question:
Even though the prices to be paid by Wild Blooms Ltd will mean that Frans Flowers will make a loss on the deal, Frans Flowers agrees to the terms and supplies flowers to both Ace Florist Ltd and Wild Blooms Ltd.
Ace Florist has now gone into liquidation and the liquidator has terminated its contract with Frans Flowers. Frans Flowers now wants to pull out of the contract with Wild Blooms that was entered into two years ago.
REQUIRED
Explain the relevant law in New Zealand to Frans Flowers and advise them of their legal situation. It is recommended that you use legal problem-solving method (ILAC) to answer this question.
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
4th edition
Authors: David Haddock, John Price, Michael Farina
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