Question
On May 1, Ben, who owns a booth at the Farmer's market purchases from The Cannery 10 bushels of grape tomatoes. The contract states that
On May 1, Ben, who owns a booth at the Farmer's market purchases from The Cannery 10 bushels of grape tomatoes. The contract states that "delivery must be made on or before May 1." On April 17th, The Cannery informs Ben that they cannot make delivery until May 25thand asks his consent to the modified delivery date. What is this called and what options are available to Ben when The Cannery repudiates the contract prior to the time for performance?
e. Heinz Company orders a truckload of tomatoes from The Cannery to be shipped to Heinz 6 weeks later. Heinz who owes payment to The Cannery for a past shipment, promises to pay the debt immediatelyand to pay for the current shipment as soon as it is received. After the tomatoes are shipped, a bankruptcy court judge notifies The Cannery that Heinz has filed a petition in bankruptcy and listed The Cannery as one of their creditors. What is this called and what options are available?
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