Business, 06.05.2020 16:01, olivialaine31

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

Answers: 3

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Johnson Bakery agrees to supply Higgen’s Restaurant with all the bread that it requires for one year...