Question

By letter dated February 1, a farmer offers to deliver to buyer 100 tons of grain on April 15, for a price of $250 per ton, payment to be made two weeks before delivery. Buyer accepts by letter dated February 5. On March 1, Seller sends Buyer a fax saying, "Due to labor action by agricultural workers, we may not be able to deliver until April 22" Buyer would be best advised to

1) Send a letter to Seller stating that Seller is in breach and Buyer will not pay until after delivery.
2) Telephone the Seller as soon as possible to notify Seller of possible damages.
3) Send Seller a letter asking for an assurance that Seller will perform by the contract date.
4) Wait and see what happens on the delivery date

Answer 1

The best course of action would be for the buyer to send the seller a letter asking for assurance that the seller will perform by the contract date.

Step-by-step explanation:

The buyer would be best advised to send the Seller a letter asking for an assurance that the Seller will perform by the contract date. This would allow the buyer to express concern about the potential delay in delivery and request confirmation from the seller that they will still be able to fulfill the contract.

This act of reassurance from the seller would help alleviate the buyer's concerns about the possible breach of contract. It would also provide the buyer with a written record of their request for assurance, which could be useful in the event of a dispute.