Genosha Limited ordered 500 pairs of jeans from Jeans Co a company based in Sydney Australia. JeansCo's standard ordering form on which the order was made, provides that payment must be made within 10 days of the date of delivery
Genosha received the jeans but owing to financial difficulty, has been unable to complete the payment of the purchase price. Which of the following statements most accurately describes JeansCo's best legal position?
A) It can seek punitive damages against Genosha.
B) It can cancel the contract and sue for the recovery of the goods
C) It can sue for the recovery of the goods but cannot cancel the contract
D) It can seize the jeans as the law allows sellers some margin of self help.
E) It can sue Genosha for damages for breach of contract equivalent to the outstanding amount of the purchase price.
E
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