Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On February 1, 1983, Nugent Manufacturing, Inc. contracted with Costello Wholesalers to supply Costello with 1,000 integrated circuits. Delivery was called for on May 1,

On February 1, 1983, Nugent Manufacturing, Inc. contracted with Costello Wholesalers to supply Costello with 1,000 integrated circuits. Delivery was called for on May 1, 1983. On March 15, 1983, Nugent notified Costello that it would not perform and that Costello should look elsewhere. Nugent had received a larger and more lucrative contract on February 27, 1983, and its capacity was such that it could not fulfill both orders. The facts

A- are not sufficient to clearly establish an anticipatory repudiation

B- will prevent Nugent for retracting its repudiation of the Costello contract

C- will permit Costello to sue immediately after march 15, 1983, even though the performance called for under the contract was not until May 1 1983

D- will permit Costello to sue only after May 1 1983, the latest performance date

Step by Step Solution

3.48 Rating (164 Votes )

There are 3 Steps involved in it

Step: 1

D will permit Costello to sue only after May 1 1983 the latest per... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial ACCT2

Authors: Norman H. Godwin, C. Wayne Alderman

2nd edition

9781285632544, 1111530769, 1285632540, 978-1111530761

More Books

Students also viewed these General Management questions