Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The case concerns a Turkish seller of what is commonly known as rebar -- a construction material -- and an American buyer.The parties agree on

The case concerns a Turkish seller of what is commonly known as "rebar" -- a construction material -- and an American buyer.The parties agree on a purchase price of $810/ton.However, when the ship arrives in the U.S., the Americans refuse to take delivery, and the Turkish side files suit for the sales price. The American buyer alleges defects in the Turkish seller's presentation of documents under the letter of credit.The Turkish seller claims that the alleged defects were minor and were repaired, and that the buyer is just using this as a pretext to demand a discount.

Who wins?Reviewing the case law and legal articles presented should give you a clue.

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

Regulation Of Lawyers Problems Of Law And Ethics

Authors: Stephen Gillers

12th Edition

1543825869, 978-1543825862

More Books

Students also viewed these Law questions

Question

which of the statements are true about how food production impacts

Answered: 1 week ago