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please answer ,.,.,.all the parts of the question.,.,., within 30 minutes. make sure the explanation and reasons are explained in very detailed manner , Attempt
please answer ,.,.,.all the parts of the question.,.,., within 30 minutes. make sure the explanation and reasons are explained in very detailed manner , Attempt the answer only if your are 100% sure that its correct. else leave it for other tutor otherwise i will give negative ratings and will also report your answer for unprofessionalism. Make sure the answer is 100% correct and is not copied from anywhere. ATTEMPT THE QUESTION ONLY IF YOU ARE 100% CORRECT AND SURE. ELSE LEAVE IT FOR ANOTHER TUTOR. BUT PLEASE DONT PUT WRONG ANSWER ELSE I WILL REPORT.
Two hundred words per question, please. Don't use this case to find the conclusion The Anchor Glass Container Corporation and its parent company, Consumers Packaging, Inc. (CPI), entered into a series of agreements with Encore Glass, Inc, to supply glass containers of a specific type and quality for the wine industry. On June 24, 1999, Encore entered into an amended agreement with Anchor and CPI. In the amended agreement, the parties agreed that the products would be manufactured at CPI's Lavington plant. Additionally, the amended agreement gave Encore a generous rebate schedule ranging from 1 to 2.5 percent and a new discount schedule. In May 2001, CPI filed for bankruptcy. As a result of the bankruptcy proceedings, the Lavington plant was sold in August 2001. The new owners of the Lavington plant did not assume CPI's obligations underthe amended agreement. The Lavington plant could no longer be used to supply the glass containers to Encore. As a result of the sale, Anchor notified Encore on October 12, 2001, that it considered itself relieved of its obligations underthe agreement due to its impossibility to perform. Encore took its business to another company, which did not offerthe same rebates and discounts as had Anchor. When Anchor filed for bankruptcy in 2002, Encore filed a claim to recover the $6,102,912.60 it lost when Anchor stopped providing it with rebates and discounts under the contract. The bankruptcy court ruled against Encore, finding that it was impossible for Anchor to perform after the Lavington plant was sold. Encore appealed. 1 Should Anchor be required to honor the contract despite losing the Lavington plant? Why or why not? 2 . What ethical system, if any, would permit Encore to recover the lost rebates and discountsStep by Step Solution
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