Question
Casein, a protein derived from milk, is used to make cheese and to process many other foods. Erie Casein Co. contracted with Anric Corp. to
Casein, a protein derived from milk, is used to make cheese and to process many other foods. Erie Casein Co. contracted with Anric Corp. to supply one thousand pounds of casein for about $1 per pound. Half was to be delivered in March. By May of the first year, Anric had not finished its first delivery because it was having difficulty obtaining the casein . Erie waited until August, but it finally obtained its casein elsewhere at a price of $1.45 per pound. Erie sued Anric for the extra money it had paid. Anric argued that Erie had no right to the difference because the price of casein was sky-high and thus it was not Anric's fault. Who wins and why?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started