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Buyers and Sellers Entered into a Contract for the Sale

question 30

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Buyers and sellers entered into a contract for the sale of nuts.The usual route used the Suez Canal.Prior to shipment,a war closed the canal.Because the freight charges would be so high by another route,the seller refused to ship.The buyer had to buy at a higher price elsewhere and sued the seller.At trial:


Definitions:

Required Return

The minimum return an investor expects to achieve by investing in a particular asset, taking into account its risk level.

Target Cost

The desired cost of a product as determined by its expected selling price minus desired profit, aimed to ensure competitiveness and profitability.

Preventive Maintenance

Maintenance activities carried out regularly on equipment to prevent unexpected failures.

Performance Capabilities

The ability of a company or product to function effectively, often measured against predetermined standards or competitor offerings.

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