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Campus Bus Service entered into a contract with Smith Bus Company to purchase 10 buses. One week before Campus Bus was scheduled to receive the buses, a fire destroyed Smith's warehouse and the buses inside. As a result, Campus Bus had to purchase its buses at a slightly higher cost from another manufacturer. Campus Bus sues Smith Bus for damages for breach of contract under these circumstances. Assume Campus Bus did not bear the risk of loss of the goods under the contract. In this scenario, _____.
Class Action Lawsuit
A legal action filed by one or more plaintiffs on behalf of a larger group who are affected by the same issue, seeking collective compensation or remedy.
Individual Suits
Legal actions initiated by individuals, rather than groups, against another party or parties, typically to seek remedies for personal harm or grievances.
Federal Court System
The judiciary system in the United States consisting of three main levels: district courts, appellate courts, and the Supreme Court, which interprets and applies federal laws.
State Court System
The judicial system at the state level in the United States, consisting of courts with varying scopes of authority, from local tribunals to state supreme courts.
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