question archive Louis Dupris, one of largest grain traders in Europe is based in Alsace, France, and recently won a USD 25 million contract to export grain to Singapore
Subject:FinancePrice: Bought3
Alsace, France, and recently won a USD 25 million contract to export grain to Singapore. Mr. Dupris prepared the required containers and shipped them to the buyer, hoping to collect the funds in 60 days. While the grain was being transported to Singapore, the price of grain tumbled by 58 percent, causing the importer to refuse taking ownership of the grain containers. Discuss how this drop in price can cause a conflict between the companies and how this dispute can be resolved.