Todos, Ltd., agrees to market the products of United Sales, Inc, in Venezuela. When the gov¬ern¬ment is unexpectedly overthrown in a revolution, Todos can continue to fulfill its contract butonly for a much higher price. United agrees to pay but later files a suit to recover the difference. The court will most likely rule that

a. a change in government is a risk ordinarily assumed in business.
b. an unforeseen difficulty supported the contract modification here.
c. Todos engaged in extortion or the so-called holdup game.
d. Todos had a preexisting duty to supply the goods at the initial price.


B

Business

You might also like to view...

Under IFRS, deferred tax assets:

A. are not recognized. B. are recognized only to the extent it is deemed probable that they will be realized. C. are reported as current or noncurrent based on the expected date of the reversal of the temporary difference. D. require a valuation allowance if it's more likely than not that the deferred tax asset will not be realized.

Business

Which sentence is expressed correctly?

A) "Like music and art, stated Jimmy Carter, Love of nature is a common language that can transcend political or social boundaries." B) "Like music and art," stated Jimmy Carter, "Love of nature is a common language that can transcend political or social boundaries." C) "Like music and art," stated Jimmy Carter, "love of nature is a common language that can transcend political or social boundaries."

Business

Quid pro quo harassment takes place when a person's job is in jeopardy for not submitting to a boss's sexual advances

Indicate whether the statement is true or false.

Business

What is the duration of the project shown in the network?

A) 36 B) 37 C) 38 D) 39

Business