Ollie's Orchards has dealt for many years with Trixie Coppola, who owns a catering company that specializes in desserts. He always bills her on a net 30 days basis
Ollie has just loaded a $5,000 shipment of grapes for Trixie onto the truck, when he receives a call from Frank's Fruit farms. Frank tells him that Trixie is months overdue on her accounts with him, and that he's also heard a rumour that Trixie is about to go "belly up". Which of the following statements is FALSE?
A) Trixie has done nothing that would allow Ollie to rescind the contract.
B) Ollie can hold the goods until payment is made.
C) Ollie can stop delivery on the basis that Trixie is insolvent
D) If Ollie stops delivery and Trixie is not insolvent, he will have to pay her damages for any loss she suffers as a result.
E) None of the above.
B
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