A Wholesaler of Coffee Notifies a Retailer That It Cannot

question 20

True/False

A wholesaler of coffee notifies a retailer that it cannot fulfill its contractual obligation to deliver 1,000 pounds of coffee at the agreed upon price of $2.00 per pound next month because of recent price increases in coffee.The retailer may treat the wholesaler as having breached the contract and sue for damages even though the wholesaler's performance is not due until next month.

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Definitions:

Perceptual Problems

Issues arising from the subjective interpretation of sensory input, leading to misunderstandings or inaccurate judgments.

Biases

Prejudices or inclinations towards or against something or someone, often in a way considered to be unfair.

Self-Fulfilling Prophecy

A belief or expectation that an individual holds about a future event that manifests because the individual holds it.

Management Practice

The methods and techniques that managers use to achieve organizational goals and manage employees effectively.