Question: Please write as much detail as possible Anticipatory Repudiation Widget Industries, Inc. has a contract with United Steel, Inc. to deliver 10,000 pounds of steel

Please write as much detail as possible

Anticipatory Repudiation Widget Industries, Inc. has a contract with United Steel, Inc. to deliver 10,000 pounds of steel to United's place of business on or before May 1. On April 1, United receives a letter from United informing them that United will not be able to make the delivery as scheduled. Widget's President is very upset, as he has a large contract with General Data and now he won't meet his deadline. Can Widget immediately sue United for breach of contract (on April 2)? Suppose that Widget's Vice President tells the President that they cannot file a lawsuit until United actually fails to deliver the suits on May 1. Who is correct? Explain

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Why do you need wireless services when adequate wired infrastructure exists in most parts of the United States?

hi, i have an assignment only i have 15 minutes Widget Industries, Inc. has a contract with United Steel, Inc. to deliver 10,000 pounds of steel to United's place of business on or before May 1. On...

In January 2001, Mary Linn, Vice President of Finance for Ocean Carriers, a shipping company with offices in New York and Hong Kong, was evaluating a proposed lease of a ship for a three-year period,...

(1) Task 1 (Case Summary) (10%): Summarise the case using the format provided in Microsoft Word; Length of the case summary: NOT EXCEEDING 2 PAGES References: Reference your sources of information...

UPDATED 8:25 @{ 46 l 24% NPD book.pdf - Read-only RA KY buyer behaviour and is beyond the scope of this book. Case study How three students built a business that could affect world trade This case...

Need to fix all the problems that are commented under'EMMA', which is the Historical performance and Internal environment to be exact. Please send back the revised document as word only need to...

ructure.com/counts/3444/igments/1474195 Mindset:Acknowledge the relationship between costs and financial performance Instructions The value of the Case Study is to identify and explain in detail the...

Can you please help me solve these 10 Econ questions? I also attached the chapter just in case. Thanks so much!! :) MARKETS AND HOW THEY WORK 177 9.0 CHAPTER 9 LEARNING GOALS After reading this...

NEED THIS ASAP PLEASE AND THANK YOU IN ADVANCE. HAVE A NICE DAY! The Battle for Value, 2004: FedEx Corp. vs. United Parcel Service, Inc. FedEx will produce superior financial returns for shareoners...

CASE 16 Nucor Corporation in 2014: Combating Low-Cost Foreign Imports and Depressed Market Demand for Steel Products Arthur A. Thompson The University of Alabama n 2014, Nucor Corporation, with a...

The distributed load on a deck caused by drifted snow can be approximated by the cubic load curve shown. Derive the equations of the shear and bending-moment curves, and determine the maximum bending...

B) Mr. Ali has bought a Call option whereby volume of the currency to be exchanged is USD100,000 executeable in one week and the exercise price is PKR 165/USD1. As, he has imported some goods and is...

Scott Szwast in his TED takk, The Global Business Next Door, stares hur ses of gotar businesses have more than 1 , 0 0 0 employees. False True

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...