Suppose that you contract to purchase steel at a fi xed price per ton. Before the contract
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Suppose that you contract to purchase steel at a fi xed price per ton. Before the contract is performed, a lengthy steelworkers’ strike causes the price of steel to triple from the price specifi ed in the contract. If you demand that the supplier fulfi ll the contract, the supplier will go out of business. What are your ethical obligations in this situation? What are your legal rights?
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