Business Law Today, Comprehensive 10th Edition by Roger LeRoy Miller

Exercise 6

Business Law Critical Thinking Group Assignment.
ABC Clothiers, Inc., has a contract with John Taylor, owner of Taylor Sons, a retailer, to deliver one thousand summer suits to Taylor's place of business on or before May 1. On April 1, John receives a letter from ABC informing him that ABC will not be able to make the delivery as scheduled. John is very upset, as he had planned a big ad campaign.
1. The first group will discuss whether John Taylor can immediately sue ABC for breach of contract (on April 2).
2. Now suppose that John Taylor's son, Tom, tells his father that they cannot file a lawsuit until ABC actually fails to deliver the suits on May 1. The second group will decide who is correct, John or Tom.
3. Assume that Taylor Sons can either file immediately or wait until ABC fails to deliver the goods. The third group will evaluate which course of action is better, given the circumstances.