Question
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.
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