zeeshan1212
New member
K and A had entered into a contract where K was to supply 50,000 phones to A within 2 months from the date of signing of contract.
K was to procure the phones from China and deliver the same to A.
The rate of the phone was Rs. 5000/- a piece (inclusive of all taxes and duties).
At the time of the execution of the contract, the duty was at 5% (five percent).
Immediately after the execution of the Agreement, America had increased the duties to 1000% (one thousand percent).
Therefore, K was finding it difficult to sell the phones at the price agreed earlier. In the circumstances, kindly advise:
a. How can K discharge such a contract?
b. How can A enforce such a contract?
K was to procure the phones from China and deliver the same to A.
The rate of the phone was Rs. 5000/- a piece (inclusive of all taxes and duties).
At the time of the execution of the contract, the duty was at 5% (five percent).
Immediately after the execution of the Agreement, America had increased the duties to 1000% (one thousand percent).
Therefore, K was finding it difficult to sell the phones at the price agreed earlier. In the circumstances, kindly advise:
a. How can K discharge such a contract?
b. How can A enforce such a contract?
