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16. SA Wine Co. has been negotiating with Wine Depot Ltd. to sell 40 cases of wine that are currently in the SA Wine Co.

16. SA Wine Co. has been negotiating with Wine Depot Ltd. to sell 40 cases of wine that are currently in the SA Wine Co. warehouse. Right after signing the final document it was discovered that, unbeknownst to the companies, a prohibitionist sets fire to the warehouse the day before. What is the main legal issue? Which company would be financial responsible for the loss of the 40 cases of wine? Would your answer change if SA Wine Co. knew the wine had been destroyed before they signed the contract? (4 marks)

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