Roger contracted to buy a silver mining company after, Ask an Expert

Management Studies

Roger contracted to buy a silver mining company. After contracting, the price of silver fell sharply making it unprofitable to mine silver. Prior to contracting, Roger was aware that the price of silver could fall sharply which would negatively affect the value of the mining company.

Contracts can be discharged (cancelled) by numerous methods as outlined in chapter 19. This means that the party's contractual duties are discharged usually without legal ramifications. Two of these methods are commercial impracticability and frustration of purpose.

1. Explain when a contract is discharged under the doctrine of commercial impracticability.

2. Explain when a contract is discharged under the doctrine of frustration of purpose.

3. Is Roger's contract to purchase the silver mining company discharged under either of these 2 doctrines? Explain.

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91625048

Have any Question?Write your Review or question?

Related Questions in Operation Management

1 why is selecting computer hardware and software for the

1. Why is selecting computer hardware and software for the organization an important management decision? What management, organization, and technology issues should be considered when selecting computer hardware and sof ...

1 which of these is not true about hygiene factors in the

1. Which of these is NOT true about hygiene factors in the Two-Factor theory? a. improving hygiene factors will only reduce dissatisfaction, not increase satisfaction b. hygiene factors are related to the work setting or ...

For this assignment you will devise a presentation that

For this assignment, you will devise a presentation that either proposes a product [broadly considered] or a proposal to modify an existing product to make it better or more cost-effective. There are two types of proposa ...

Assignmentnbsp - information for prioritising imagebrand

Assignment - Information for prioritising image/brand decisions Assignment description Business managers do not perform the actual primary data collection, but they do frequently commission and oversee business research ...

The heavy duty company produces a variety of industrial

The Heavy Duty Company produces a variety of industrial machinery. One of its vendors is Fine Bearings, which supplies Heavy Duty with all of its ball bearings — approximately 52,000 per year. Since Fine Bearings is a sm ...

Discussion do you think as a society we have become immune

Discussion : Do you think as a society we have become immune to auto recalls (non value added work) because it is expected. Most people do not buy a new model car the first year it becomes available for that simple reaso ...

1 are any changes taking place in the macroenvironment that

1. Are any changes taking place in the macroenvironment that might have an impact, positive or negative, on the industry in which Best Buy is based? If so, what are these changes, and how might they affect the industry? ...

Discussion board introbased on your own business experience

Discussion board Intro: Based on your own business experience and the documents above- discuss how various organizational structures, cultures, and management impact the project management process. Project Part 1: Create ...

Question write a 2-3 page paper about the worst leader

Question : Write a 2-3 page paper about the worst leader you've ever had. What were the characteristics of this person's leadership style that made them a poor leader? What competencies would they need to develop to impr ...

Need 250 words of primary post along with references and

Need 250 words of primary post along with references and also need 150 words(2 responses apart from primary post). You're working for a local coffee shop that offers free wireless access to customers. Your supervisor has ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert