Eastern Airlines Contracted with Gulf Oil for a Supply of Jet

Multiple Choice

Eastern Airlines contracted with Gulf Oil for a supply of jet fuel. An oil embargo resulted in a 400 percent increase in the price of oil. Gulf demanded a price increase from Eastern. Eastern sued to ensure its supply of oil at the contract price. The result in court was:

A) that Eastern won because Gulf should have foreseen this situation.
B) Gulf won due to commercial impracticability.
C) that Eastern lost because a 400 percent increase is too much of a hardship for Gulf.
D) none of the above would be the court's decision in this situation.