In Sons of Thunder,Inc

question 13

Multiple Choice

In Sons of Thunder,Inc.v.Borden,Inc.,it was alleged that Borden breached their contract with the owners of Sons of Thunder by not purchasing the required amount of clams.The court found that:

• A) because Borden urged the plaintiffs to purchase bigger boats to handle "shuck-at-sea" technology and then cancelled the "shuck-at-sea" program, buying less clams from the plaintiff and then buying from a competitor, Borden had not acted in good faith.
• B) Borden had breached an output contract by not buying all of the plaintiff's clams and buying from competitors.
• C) purchasing larger boats by the plaintiffs was a business decision that Borden could not be held responsible for.
• D) Borden had breached a requirements contract by buying from competitors when the plaintiffs still had available clams to sell to them

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Definitions:

Utility Function

A mathematical model that represents consumer preferences by assigning a level of utility, or satisfaction, to different bundles of goods or services.

Probability

An indicator of the probability of an event happening, represented by a value ranging from 0 to 1.

Wealth

The abundance of valuable resources or material possessions, or the control of such assets.

Flood

An overflow of water that submerges land that is usually dry, often caused by heavy rain, melting snow, or failure of a dam.