The University has assigned the management of the trademarked mascots of the University to the College of Business. You have been retained by the College of Business as a consultant to make recommendations and/or proposals for the mascots of the University.

1. The College of Business enters into a contract with Quality Tee Shirts to manufacture Fighting Okra, Statesmen, and Lady Statesmen tee shirts according to certain specifications. Quality Tee Shirts produces several before making the entire order, and these several are inspected and approved by the College of Business. One week before the contracted shipment date, Quality Tee Shirts "requests" an increase in price due to an increase in materials costs outside its control. What should the College of Business do?

2. College of Business officials confer with you over the above situation, and then you learn that Quality Tee Shirts is teetering on the brink of bankruptcy. You also learn that it is upheld as a standard of excellence for its observance of all applicable OSHA standards and EEOC requirements. Now, what do you do?