Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Case Study A company purchased four kinds of steel plate: 420 M/T, and the type is 6 inch, 8 inch, 10 inch and 12 inch.

image text in transcribed
Case Study A company purchased four kinds of steel plate: 420 M/T, and the type is 6 inch, 8 inch, 10 inch and 12 inch. The quantity is 100 M/T each size, and the contract marked that: "5% more or less for each size, at the seller's option. When the seller delivered the goods, the quantity is: 6 inch-70M/T, 8 inch-80M/T, 10 inch-60M/T, 12 inch-210M/T. And the total quantity is 420 M/T. When the exporter submitted the full set of document, the importer refused to receive the goods owing to quantity problem. QUESTION: Do you think the importer's action is reasonable? List your reasons

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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 Management Theory And Practice

Authors: Eugene F Brigham, Michael C Ehrhardt

11th Edition

0324259689, 9780324259681

More Books

Students also viewed these Finance questions