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.