Acme was a petroleum wholesaler who supplied heating oil to retail oil companies. When oil producing countries make enough oil available to meet world needs, but increase the base price from $70 a barrel to $700 a barrel. Acme will be out of business if it sells to its customers at their contract price. What is Acme's best defense to breach of contract claims if it increases the costs to the retailers?
a. Economic duress
b. Commercial impracticability
c. Objective impossibility
d. Commercial frustration
Ans: b. Commercial impracticability
Business
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According to the Thomas-Kilmann Conflict Styles Model if your concern for the relationship is low and your concern for the substantive outcomes is high, your approach would be:
A. Accommodating B. Avoiding C. Collaborating D. Competing
Business
Prepare the table of expected values for this test
What will be an ideal response?
Business