Business Law

Business Law

Question Number Four

What type of remedies would be most appropriate for Ishmael if a court were to find that Export breached the contract as in Question 2? Would specific performance be appropriate? Why or why not?

Answer

Ishmael has made a contract with ExportCo for the purpose of providing them with the services of a logistics consultant. However, only after two months; ExportCo faced serious financial emergency causing them to send a letter to Ishmael suggesting that they need to rescind the contract with Ishmael. The letter also suggested that the doctrine of impractability will make the company discharge from honoring ...