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Sam, a Fish Wholesaler, Entered into a Contract with a Department

question 63

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Sam, a fish wholesaler, entered into a contract with a department store to supply herring at a price of $2.50 per pound for a year.When a hurricane closed most fisheries Sam increased the price to $3.25 per pound and refused to sell at the old price.Sam's behavior is an example of opportunism.

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Definitions:

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