British textile manufacturer entered into a contract with cotton broker for 2,000 bales of cotton to be shipped from india to england on the ship "peerless, sailing from bombay." the contract was silent about the shipping date. buyer expected the cotton to be shipped on the peerless that sailed from bombay in october; seller expected to ship the cotton on the peerless that sailed from bombay in december. by the time the second ship arrived in england, buyer had found another supplier and refused to accept the cotton. does manufacturer have any defenses to the breach of contract suit brought by broker?

Match each definition in column 1 with a vocabulary word from column 2." some of the entries in column 2 do not apply costs which do not change with the level of output costs which change with the level of output the change in total costs resulting from an increase in output by one unit function showing the quantities of a particular good demanded at a range of price when the quantity supplied of a good is greater than the quantity demanded when the quantity demanded for a particular good is greater than the quantity supplied the price and quantity determined in a market when the supply equals the demand when revenue exceeds costs when costs exceeds revenue output where revenue = costs