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hi, i have an assignment only i have 15 minutes Widget Industries, Inc. has a contract with United Steel, Inc. to deliver 10,000 pounds of

hi, i have an assignment only i have 15 minutes

Widget Industries, Inc. has a contract with United Steel, Inc. to deliver 10,000 pounds of steel to United's place of business on or before May 1. On April 1, United receives a letter from United informing them that United will not be able to make the delivery as scheduled. Widget's President is very upset, as he has a large contract with General Data and now he won't meet his deadline. Can Widget immediately sue United for breach of contract (on April 2)? Suppose that Widget's Vice President tells the President that they cannot file a lawsuit until United actually fails to deliver the suits on May 1. Is he correct?

a.

No. Widget can immediately file suit for breach of contract, even though actual performance is not due until May 1.

b.

Yes. If Widget purchases steel from another supplier before the date United is supposed to perform under the contract, Widget will have breached thVal's Foods signs a contract to buy 1,500 pounds of basil from Sun Farms.Suppose Sun Farms is able to ship only 1,475 pounds to Val's. Which of the following is rue?

a.

Sun Farms substantially performed the contract.

b.

Sun Farms is obligated to mitigate damages by purchasing the remaining 25 pounds of basil from the open market, regardless of cost.

c.

Sun Farms breached the contract.

Val's Foods signs a contract to buy 1,500 pounds of basil from Sun Farms, a small organic herb grower, as long as an independent organization inspects the crop and certifies that it contains no pesticide or herbicide residue.Suppose that the basil does not pass the chemical-residue inspection. Which of the following is true?

a.

If Val's Food refuses the basil, Val's Food will have materially breached the contract.

b.

Val's Food is discharged from performance because a condition was not met.

c.

Sun Farms materially breached the contract.

d.

Sun Farms substantially performed the contract.

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