Glinda opens a magic shop and, on Jan. 14, 2011 contracted with Fiyero to supply her with potions that can change someone's skin color. The contract stated that Fiyero, the sole supplier of the potions will sell them to Glinda exclusively so that she can advertise that only her shop sells the potions. Three years into the contract, Jan. 17, 2014, Glinda discovered that an online retailer is selling identical Fiyero potions for a lower price. Determine the likely outcome when Glinda sues Fiyero for breach of contract. In their jurisdiction, the applicable statute of limitations for breach of contract is two years. Glinda filed suit on Feb. 22, 2014.

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Business

Ryder Weiss

28 October, 16:39

Glinda opens a magic shop and, on Jan. 14, 2011 contracted with Fiyero to supply her with potions that can change someone's skin color. The contract stated that Fiyero, the sole supplier of the potions will sell them to Glinda exclusively so that she can advertise that only her shop sells the potions. Three years into the contract, Jan. 17, 2014, Glinda discovered that an online retailer is selling identical Fiyero potions for a lower price. Determine the likely outcome when Glinda sues Fiyero for breach of contract. In their jurisdiction, the applicable statute of limitations for breach of contract is two years. Glinda filed suit on Feb. 22, 2014.

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Armani Riddle · Answer 1

The likely outcoe could be,

Likely be:

- Glinda will win, because the statute of limitations starts to run on the date, she filed a suit, i. e. Feb. 22, 2014.

- Glinda will win, because the statute of limitations starts to run from the time that the she discovered the breach, i. e. Jan. 17, 2014.

Likely not be:

- Glinda will lose, because the statute of limitations ran on Jan. 13, 2013, i. e. two years after the date the contract was entered on Jan. 14, 2011.

-Glinda will lose, because the statute of limitations requires a demonstration of attempt to cure.