Question
Please read the short article,Supply Chain Contracts During a Distressed Economy: Enforcement, Rights, and Remedies(Link in the comment) , March 31, 2020 published on jdsupra
Please read the short article,Supply Chain Contracts During a Distressed Economy: Enforcement, Rights, and Remedies(Link in the comment)
, March 31, 2020 published on jdsupra dot com.The article discusses UCC claims one might have due to a Covid-19 related business disruption.It also makes the point that sometimes the best business decision is to prioritize the relationship over seeking maximum legal remedies.After reading the article, please comment on what business strategy you would take if you had a contract with another business that was disrupted due to Covid-19.You can use a real life example or base your answer on an hypothetical example.What factors would you consider besides your legal rights when deciding on a business strategy to take?If you didn't maximize your legal strategies how would that impact your business and/or investors?
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