Publisher's Synopsis
This book is intended for immediate Examination preparation only. Give it a good review! Look Inside. President of Convention Supplies sent a reply fax to General Manager of Computer Works. The reply fax said in pertinent part: "The installation was acceptable but ran over the contract stipulated time by over three hours. That cost us thirty-six hundred dollars because of all our conventioneers who could not connect to the internet. It would be reasonable for you to reimburse us." On receiving this fax, General Manager immediately contacted President by telephone. The parties reached an agreement to submit the matter to arbitration. If Convention Supply Co brings an action against Computer Works Inc before the arbitration date for breach of contract which of the following is true? (A) Convention Supply Co will lose because at common law a modification requires consideration to be effective. (B) Computer Works Inc will lose because the installation was not timely. (C) Neither party is bound by the results of the arbitration (D) The arbitration term is material and thus never became part of the contract.
