Rite Clothiers, Inc., sells t-shirts to Brand Name Stores, Inc., under an existing con­tract. When textile costs increase, Brand agrees to a price increase, but later wants to cancel the con­tract. Brand may
A. cancel the contract immediately.
B. cancel the contract only after accepting a final shipment.
C. cancel the contract only on reasonable notice.
D. not cancel the contract.
Answer:D
Rite Clothiers, Inc., sells t-shirts to Brand Name Stores, Inc., under an existing con­tract. When textile costs increase, Brand agrees to a price increase, but later wants to cancel the con­tract. Brand may
A. cancel the contract immediately. B. cancel the contract only after accepting a final shipment. C. cancel the contract only on reasonable notice. D. not cancel the contract.