Question
Areas of Internaitonal Trade Disputes
Answer :
Word Count : 485
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commissions by the parties to the contract which make it difficult for them to perform their contracts i.e. they become unable to fulfil their obligations created under the commercial contracts. The areas of disputes appear to be vast and varied. Here, however, let us highlight solfie of the most irnpoiytant areas where disputes do or are likely to arise between the parties.
i) Disputes arise when the contracting parties do not fulfil their contractual obligations resulting in a breach of contract (actual or anticipatory).
ii) When time is considered as the essence of the contract but goods are not supplied within the stipulated time.
iii) When the pro~nisore xpresses difficulty of performance due to some uncontemplated events, delays etc. although he
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