Trendy Imports Entered into a Contract on June 1^st with Neat

question 19

Multiple Choice

Trendy Imports entered into a contract on June 1^st with Neat Things, a small upscale gift shop, to supply it with 100 tooled leather boxes. Delivery was to be made on September 15^th so that the boxes could be on display in the store by October 15^th, ready for the pre-Christmas rush. On August 6^th, Trendy notified Neat Things that a dock strike in Italy was holding up the shipment and, if the boat on which they were loaded could not leave port within a very few days, Trendy would not be able to make the delivery on September 15^th. In this situation,

• A) Neat Things can sue Trendy immediately for breach of contract as this is an anticipatory and express breach of contract.
• B) Neat Things can wait until September 15^th and then sue Trendy for breach of contract as this is an express breach of contract if the boxes are not delivered.
• C) Neat Things must wait until September 15^th and if the boxes are not delivered then it may sue Trendy for breach of contract as this is not an anticipatory breach but only an express breach.
• D) Neat Things must until September 15^th and then sue Trendy for implied breach of contract.
• E) None of the responses are correct.

Understand the goals and implications of modern bankruptcy law, including relief and protection for debtors and fair asset distribution.

Identify the priority of claims among unsecured creditors in bankruptcy.

Grasp the residency requirement for utilizing state-specific exemptions in bankruptcy.

Define terms such as consumer-debtor and understand their significance in the context of bankruptcy.

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Definitions:

Cognitive Development

The process by which a person's ability to think, understand, and learn evolves over the course of their life.

Prenatal Malnutrition

Insufficient nutrition during pregnancy, potentially leading to adverse outcomes for the fetus, including impaired development and birth defects.

Developmental Delays

Occurrences when a child does not achieve developmental milestones within the typical age range.

Canadian

Relating to Canada or its people.