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Pierette entered into a contract with Hugo. She agreed to deliver a shipment of gold to his jewelry store each week for a year. He agreed to pay a specific price. The contract also said: "The buyer shall have the right to terminate this contract in the event of a substantial change in the market price of gold." After delivering gold to Hugo for several months, Pierette refused to go on with the contract. Her decision to do so was based on the fact that while her contract with Hugo contained a specific price, the market value of gold had suddenly increased a substantial amount. Consequently, she realized that her contract with Hugo no longer made good financial sense from her perspective. Would a court accept that argument from Pierette? Explain your answer.
Hockey Skates
Specialized footwear designed for playing hockey, featuring a blade attached to the bottom for gliding on ice.
Exchange Rate
The price at which one currency can be exchanged for another, integral to global commerce and finance.
CAD
Stands for Computer-Aided Design, technology used by designers and engineers to create precision drawings or technical illustrations.
Travel Spending Money
Funds allocated for expenses related to travel, such as meals, accommodation, and transportation, aside from the initial costs of tickets and bookings.
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