Case 1 A Chinese import and export company concluded a Sales Contract with a Holland firm on August 5, 2000, selling a batch of certain commodity. The contact was based on CIF Rotterdam at USD 2500 per MT. The Chinese company delivered the goods in compliance with the contract and obtained a clean-on-board Bill of Lading. During transportation, however, 100 metric tons of the goods got lost because of rough sea. Upon arrival of the goods, the price of the contracted goods went down quickly. The buyer refused to take delivery of the goods and effect payment and claimed damages from the seller. If you were seller., how would you deal with this case? (10 marks) Case 2 Y company signed a contract to export red dates. The contract specified that the dates should be "Grade 3". But at the time of shipment, there were not enough third-grade dates on hand for delivery. As a result, dates of higher quality, Grade 2, were used as substitutes. The seller proudly marked the invoice, "Dates of Grade 2 sold at the price of Grade 3". Q: (1) Could the buyer refuse to accept the goods? Why or why not? (5 marks) (2) Would you do differently if you were the seller? How