Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Shipco, a maritime shipping company, contracted with Megacorp to transport a shipment of Megacorp products from California to New York by way of the Panama

Shipco, a maritime shipping company, contracted with Megacorp to transport a shipment of Megacorp products from California to New York by way of the Panama Canal.After the contract was formed but before the shipment was to take place, the Panama Canal was closed.

The only way for Shipco to deliver Megacorp's products from California to New York would be to travel all the way down and around the southern tip of South America and back up to New York.The added distance would triple Shipco's costs.

Shipco's best argument to discharge their duties under the contract would be on the grounds of:

a)economic frustration.

b)versatile impossibility.

c)common law rule of disadvantage.

d)impracticability.

e)economic stability.

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 Criminal Law

Authors: Emily Finch, Stefan Fafinski

8th Edition

1292295414, 978-1292295411

More Books

Students also viewed these Law questions

Question

Technology

Answered: 1 week ago

Question

Population

Answered: 1 week ago