Which of the Following Was the Result in the "Case

question 4

Multiple Choice

Which of the following was the result in the "Case Opener" in which Vitol sued Koch Petroleum for delivering oil one day late causing Vitol to sustain a loss based on its sale to another entity?

• A) The court ruled that Koch Petroleum had substantially performed and that Vitol could not recover.
• B) The court ruled that Koch Petroleum had materially performed and that Vitol could not recover.
• C) The court ruled that Koch Petroleum had committed fraud in that the delay was intentional and that Vitol could recover.
• D) The court ruled that Koch Petroleum had violated the perfect tender rule and that Vitol could recover.
• E) The court ruled that both parties were in the wrong and that damages would be split between the two.