In 2004, Ford Motor Company entered into a dealership agreement with Syrian company Ghreiwati Auto, under which
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In 2004, Ford Motor Company entered into a dealership agreement with Syrian company Ghreiwati Auto, under which the company would sell and service Fords in Syria. Ghreiwati invested over $20 million setting up its dealer network across Syria and promoting the Ford brand. In 2011, President Obama issued an executive order setting forth a number of sanctions against Syria, including a prohibition against American companies selling products and services in Syria. Believing that the prohibition made its agreement with Ghreiwati illegal, Ford immediately terminated said contract. Ford filed a motion for a declaratory judgment stating that they had not terminated the contract improperly. How do you believe the court ruled in this case? Why? [Ford Motor Company v. Ghreiwati, 2013 U.S. District Court Lexis 159470 (2013).]
DealerA dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...
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Dynamic Business Law The Essentials
ISBN: 978-1259917103
4th edition
Authors: Nancy Kubasek, Neil Browne, Daniel Herron