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Walnut Contract Dispute Resolution by Samuel Richardson is a document available to read on EtoBox.

What is Walnut Contract Dispute Resolution about?

1) International Foodsource (IFS) sued Grower Direct Nut Co. (GDNC) over two contracts for the sale of walnuts after the market price dropped. IFS claimed GDNC misrepresented the market and urged IFS to buy a large quantity. 2) The contracts, signed in May 2015, required IFS to purchase over 250,000 pounds of walnuts from GDNC at $3.60-$3.70/pound by October 2015. However, the market price fell after signing. 3) GDNC sought to enforce the contracts, while IFS argued GDNC knew the market price was actually

Author

Samuel Richardson

Language

EN