Fact Pattern 14-4

question 9

Multiple Choice

Fact Pattern 14-4
Flora, who owns and operates Garden Fresh Organic Farms, agrees to sell Harvesters Grocery a minimum quantity of fresh fruits and vegetables every week for three months.
-Refer to Fact Pattern 14-4. If the market price for organic produce exceeds the price in the contract with Harvesters, and Flora decides not to deliver the order. her contract with the grocery is most likely

• A) breached.
• B) discharged.
• C) not affected.
• D) suspended.

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Definitions:

Supply (S)

The total amount of a specific good or service that is available to consumers.

Cost Of Producing

The total expenditure incurred in manufacturing a product or providing a service, including raw materials, labor, and overheads.

Soybeans

A type of legume native to East Asia, widely grown for its edible bean which has numerous uses.

Demand

The quantity of a good or service that consumers are willing and able to purchase at a given price.