In 1989, the Exxon Valdez, an oil tanker, ran aground in Prince William Sound, Alaska, spilling an estimated 750,000 barrels of crude oil.Research this case and explain this billow subject.

Contracts

Exxon had many contracts to supply crude oil to refineries on the west coast of the United States. Once the Valdez situation happened, the supply of crude oil by the Valdez was stopped.

1)Do those companies have recourse against Exxon for any breach of contract?

Instruction:

No more than three hundred words to four hundred words of discussion. Make sure to support your statements with specific examples that are supported by a citation and support your discussion with at least 2 Internet citations.

While you can use Wikipedia as a place to start your research, please do not use Wikipedia as a reference citation. Also, the textbook and any online dictionary or encyclopedia are not to be used as reference citations.

Please read the case and answer the questions. developing the answer with your own analysis. AND AVOID Bullets/lists - provide your own analysis and insight.