Snack Chips agrees to supply The Cafe with all the corn chips that it requires...
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Snack Chips agrees to supply The Cafe with all the corn chips that it requires for a year at an agreed upon price. A sudden and unexpected demand for ethanol results in a shortgage of corn, and the price of corn rises sharply. Snack Chips ask Cafe to pay a higher price for the chips. This request is
| invalid as an unethical attempt to profit more | ||
| invalid under the preexisting duty rule | ||
| valid because consideration can always be changed | ||
| valid due to the unforeseen difficulty of the sudden price increase |
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