Problem
Leete and Sperry enter into a written contract wherein Leete will supply all of Sperry's requirements of Polish Sausage during the summer festival season at a stated negotiated price. This relationship goes on for four years during which time Sperry orders the following amounts of hot dogs:
YEAR 1: 18,000 lbs.
YEAR 2: 21,000 lbs.
YEAR 3: 24,500 lbs.
YEAR 4: 29,000 lbs.
In year five, Sperry demands 50,000 lbs at the favorable contract price because the price of Polish sausage has skyrocketed,,,, Leete learns (or surmises) that Sperry (a real smarkas) is planning on selling a large amount of the sausages to a third party in Chicago and make a substantial profit because the current price is now much higher than the prior negotiated price.
Task: Decide the case. In your opinion, how many pounds of sausages will Sperry probably receive? Upon what do you base your conclusion?