Mountain Stream
Mountain Stream Trout Co. agreed to buy “market size” trout from trout grower Lake Farms, LLC. Their five-year contract did not define market size. At the time, in the trade, market size referred to fish of one pound live weight. After three years, Mountain Stream began taking fewer, smaller deliveries of larger fish, claiming that market size varied according to whatever its customers demanded and that its customers now demanded larger fish. Lake Farms filed a suit for breach of contract.
- Decide whether parol evidence is admissible to explain the terms of this contract. Are there any exceptions that could apply?
- Discuss how parties to a commercial contract can avoid the possibility that a court will interpret the contract terms in accordance with trade usage.
Instructions: The assignment should be presented in APA format and be a minimum of 150 words (maximum of 200 words), pages to be double-spaced, typed in 12-point font.
Complete Answer:
