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7 November, 04:06

Johnson Bakery agrees to supply Higgen's Restaurant with all the bread that it requires for one year. When a shortage causes the price of wheat to rise sharply, Johnson can continue supplying bread only at a much higher price. The parties agree to modify the contract so that the buyer will pay a higher price. The change is

a. enforceable as long a the parties voluntarily agreed to the modification.

b. uneforceable due to the preexisting duty rule

c. unenforceable because Johnson is taking advantage of a shortage to boost profits

d. unenforceable because a valid contract already exists

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Answers (1)
  1. 7 November, 07:38
    0
    The correct answer to the following question will be "Option A".

    Explanation:

    It is indeed a legally enforceable arrangement among two or even more, individuals, where it would be usually made up through one party, can make a bid, as well as the other party signaling approval. The parties 'agreements describe there rights & obligations. The parties have agreed to amend the deal to make the seller charge a larger amount. The move is enforceable however soon as when the parties willingly consent to either the amendment.

    The other solutions have no relation with the specified scenario. So choice A is the right solution to that.
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