Question
Suppose a seller in Panama sells a container of bananas to a buyer in the New Orleans under a CIF contract. Immediately after the bananas
Suppose a seller in Panama sells a container of bananas to a buyer in the New Orleans under a CIF contract. Immediately after the bananas were loaded on board the ship in Panama, a labor strike prevented the vessel from sailing on time. As a result, the bananas were rotten when they arrived in New Orleans. The buyer sued for the value of the shipment. Will the seller be liable? Would it matter if the seller knew that a labor strike was likely?
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In such a case the buyer can deny the acceptance of the shipm...
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Law and economics
Authors: Robert cooter, Thomas ulen
6th Edition
132540657, 978-0132540650
