Your corporation signed purchase order #1578, which is a contract for the procurement of 1,000 brass widgets. The widgets were not delivered by the date specified in the purchase order. Also, the widgets were stainless steel rather than brass.

What is possible for your corporation to recover due to the tardy delivery? Are there any laws or regulations that support your corporation's position? Is your corporation entitled to be compensated by the supplier if it uses the steel widgets but had to modify its assembly line due to the widgets being steel rather than brass?

Your response must be at least 300 words in length.