Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hiram and Sarah are very good friends, that met during their time in University. They decided to open up a business together selling unisex clothing

Hiram and Sarah are very good friends, that met during their time in University. They decided to open up a business together selling unisex clothing online, targeted for University students. The name of the company is called HAZE. The main ideology of this business is to promote equality amongst society. They then entered into a contract with Kore Materials,suppliers based in China, to sell their clothing's. On 21st March 2020, sales started,and business was doing well. Overtime, their designs were listed as one of the top trends, with the hashtag #equalitydesigns, that went viral.

HAZE then decided to increase their stocks by increasing the amount of original supply from Kore Materials, from 10,000 to 80,000 over a period of two years. Kore Materials agreed to this modification. The effective date was 2nd November 2020. However, when the due date of supply came, Kore Materials never transported their stocks to HAZE. As a result, sales took a sharp drop.

One week later, an outbreak of coronavirus disrupted the whole international market.

The contract between HAZE and Kore Materials led to a standstill. Hiram and Sarah are seeking a legal suit

against Kore Materials in failing to supply their stock at the agreed due date. However, Kore Materials is pleading the contract has been frustrated due to the uncontrollable virus outbreak.

what is the legal course of action HAZE (Plaintiff) AND Kore Materials (Defendant) would have, based on the following:

1)If there is, a valid contract

2)If there is, a breach of contract

3)If there are suitable remedies

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

Law Express Contract Law

Authors: Emily Finch, Stefan Fafinski

6th Edition

1292210125, 978-1292210124

More Books

Students also viewed these Law questions

Question

=+ What are the subjects?

Answered: 1 week ago

Question

1. Too understand personal motivation.

Answered: 1 week ago