What Was the Result on Appeal in the Case in the Text

question 74

Multiple Choice

What was the result on appeal in the case in the text Alaska Pacific Trading Co.v.Eagon Forest Products Inc.in which the defendant rejected a shipment of logs,and the plaintiff/seller claimed that its late shipment was excused because the contract did not specify that time was of the essence?

• A)That the seller was entitled to rely on the common law doctrine of material breach,that the seller substantially performed,and that the buyer was in breach.
• B)That by not shipping the logs in a timely manner according to the contract,the seller failed to satisfy the perfect tender rule thereby releasing the defendant buyer from its duty to accept the logs.
• C)That the seller was entitled to rely on the common law doctrine of material breach but that the seller did not substantially perform thereby releasing the buyer from contractual duties.
• D)That the seller was entitled to rely on the perfect tender rule and that the buyer materially breached the contract by refusing to accept the logs.
• E)That the seller satisfied the perfect tender rule although the logs were late and that the defendant buyer breached the contract by refusing to accept the logs.

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Definitions:

Cockatoos

A group of colorful and intelligent birds belonging to the parrot family, often known for their crested head feathers.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, resulting in market equilibrium.

Marginal Cost

The change in total cost that arises when the quantity produced is incremented by one unit.

Marginal Cost

The extra expense associated with the production of an additional unit of a product or service.