Question
F & D Corp in NY entered in a contract selling building materials to Francis contract. The written contract specified NOV 1 for delivery &
F & D Corp in NY entered in a contract selling building materials to Francis contract. The written contract specified NOV 1 for delivery & price @ "the going rate". Also 40% interest on due payments, some of which had high levels of lead allowed by NY dep of envrio conserv. On sep 15th the principal @ Francis contractors canceled contract. Turns out he was 17 when contract made & suffering from Bipolar Dis. Also The price charged was 5 times the market price. The principal @ Francis contract wanted to get out of contract also on the grounds price for build materials dropped 5 times since formed contract & there was no more such Build Materials anywhere. subcontractors also wanted compensation for work performed before the contract blew up. ADVISE ALL PARTIES ON THEIR RIGHTS REMEDIES & DEF - WITH GREAT DETAIL PLS
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