Hi,
I am not sure if this is the right forum to ask but I believe someone expert will be in a position to answer.
What does Canadian law says about non-deliverance of goods by the supplier if he has taken advance part payment from the retailer. Is there any penalty or the supplier simply refunds the amount?
This particular supplier is my buyer and I have been supplying goods to him from the past one year. His payments were always late and recently I asked him to make the payment ($30,000) within the time agreed (verbal agreement) before I can supply his ordered goods. He is not agreeing to it and is now saying he has lost orders from new retailers and also has to refund the amount to the existing retailers and pay them penalty as he was unable to deliver goods to them.
The amount is overdue from him and I am not in a position to make orders for him unless he makes the payment but his approach towards it is not helping at all. Every time I ask him for the payment, he comes up with the figures that he has lost, his new orders, penalty from the retailers etc. He wants me to pay all these loses and also mentions that he will return the goods to me and whatever is the balance he will pay it.
Hope someone can help me with it.
I am not sure if this is the right forum to ask but I believe someone expert will be in a position to answer.
What does Canadian law says about non-deliverance of goods by the supplier if he has taken advance part payment from the retailer. Is there any penalty or the supplier simply refunds the amount?
This particular supplier is my buyer and I have been supplying goods to him from the past one year. His payments were always late and recently I asked him to make the payment ($30,000) within the time agreed (verbal agreement) before I can supply his ordered goods. He is not agreeing to it and is now saying he has lost orders from new retailers and also has to refund the amount to the existing retailers and pay them penalty as he was unable to deliver goods to them.
The amount is overdue from him and I am not in a position to make orders for him unless he makes the payment but his approach towards it is not helping at all. Every time I ask him for the payment, he comes up with the figures that he has lost, his new orders, penalty from the retailers etc. He wants me to pay all these loses and also mentions that he will return the goods to me and whatever is the balance he will pay it.
Hope someone can help me with it.
