Italian clothing

A German fashion retailer and an Italian clothing manufacturer concluded a contract for the sale of fashion goods, with the specification “autumn goods,to be delivered July, August, September +-“. When a first delivery was attempted on 26 September, the buyer refused to accept the goods and returned theinvoice on 2 October claiming expiry of the […]

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Canadian company

A Canadian company ordered zippers from a Korean seller and during price negotiations the buyer informed the seller that the zippers were for use on aspecial backpack for fishing enthusiasts, so the zippers had to be especially waterproof. Ordinarily, this kind of zipper does not need to be waterproof. As itturns out, the zippers were […]

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A buyer’s warehouse in the month of June.

The contract specifies that delivery will be to the buyer’s warehouse in the month of June. On June 2nd, the seller’s trucks pull up the warehouse, butnobody is there to receive them because the buyer’s warehouse personnel are on strike. The seller’s carrier leaves the containers waiting outside the buyer’swarehouse, where they sit for two […]

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American Economic Journal

“The Simple Economics of Commodity Price Speculation.” American Economic Journal: Macroeconomics 8, no. 2 (2016): 85-110.) Sample Solution

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