Russell and Joe make a contract for Russell to manufacture five leather chairs of a specified design. Prior to their manufacture, the factory is destroyed in an accidental fire that is no one's fault. If the chairs are available from other sources:
a. Russell must supply the chairs, even if he must buy them elsewhere.
b. Russell's duty to deliver the chairs is discharged by the destruction of the factory.
c. Russell has materially breached the contract if he fails to deliver the chairs.
d. (a) and (c) are correct.
b
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Profits or losses incurred by an organization are represented in its
A. income statement. B. expense budget. C. ratio analysis. D. capital expenditures budget. E. balance sheet.
The Securities Exchange Act of 1934
A) requires full disclosure of information on all new security issues. B) authorized the SEC to regulate mutual funds. C) established trade associations such as the NASD. D) created the SEC as the regulator of the securities exchanges.
The more critical a component or service, the higher the level of availability required.
Indicate whether the statement is true or false.
The project manager should summarize the meeting results at the end of the meeting
a. True b. False Indicate whether the statement is true or false