Natural pay the amount weaver demands problem


Weaver Mills Co. in the United States contracted to purchase 100,000 yards of jute from Natural Fiber Co. in China at US$ 0.64 per yard. Natural delivered 22,228 yards to Weaver at Weaver's plant, but it then informed Weaver that it would deliver no more. Several other of Weaver's suppliers also defaulted, so Weaver was forced to purchase a total of 164,503 yards of jute in the market a month later at a price of US$ 1.21 per yard. Weaver then sued Natural for the difference between the market price it had paid and contract price on the 77,772 yards of jute that Natural had not delivered. Both the United States and China are signatories of the United Nations Convention on Contracts for the International Sale of Goods (CSIG) and the parties' contract designated the CSIG as the governing law.
Must Natural pay the amount Weaver demands? Explain why or why not - Answer the question as if you are counsel for Natural and the company. - Answer in 200-300 words.

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Business Management: Natural pay the amount weaver demands problem
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