Under the terms of a long-term supply contract, Linde supplied United Aluminum Corporation (UAC) with nitrogen at

Question:

Under the terms of a long-term supply contract, Linde supplied United Aluminum (UAC) with nitrogen at $0.23 per unit. Upon expiration, that contract gave UAC the sole option to renew the agreement for five additional years at the same price. When UAC exercised the option, Linde refused, arguing that the price of nitrogen had risen by 38 percent over the life of the contract. UAC sued, seeking to enforce the $0.23 price. Linde claimed commercial impracticability. Should a court force Linde to abide by the terms of the original deal?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...