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:

Health Care Costs

The expenses associated with medical care, including hospital stays, physician services, prescription drugs, and health procedures.

Aging Population

A demographic trend characterized by an increase in the median age of a population due to declining fertility rates and rising life expectancy.

Workers' Compensation Fund

A pool of funds used to provide financial assistance and medical care to employees who are injured or become ill as a direct result of their job.

Contributions

imply donations or payments made towards a particular cause, group, or effort, or the act of giving towards something.