Ramesh and Suresh had entered into a contract where Ramesh was to supply 50,000 phones to Suresh within 2 months from the date of signing of contract. Ramesh was to procure the phones from China and deliver the same to Suresh. The rate of the phone was Rs. 5000/- a piece (inclusive of all taxes and duties). At the time of the execution of the contract, the duty was at 5% (five percent). Immediately after the execution of the Agreement, Pakistan had increased the duties to 1000% (one thousand percent). Therefore, Ramesh was finding it difficult to sell the phones at the price agreed earlier. In the circumstances, kindly advice:

a. How can Ramesh discharge such a contract?

b. How can Suresh enforce such a contract?

Answer rating: 100% (QA)

Answer In this case Ramesh and Suresh have entered into a contract Ramesh is the seller and Suresh i... View the full answer