Buyers and sellers entered into a contract for the sale of nuts. the usual route used the suez canal. prior to shipment, a war closed the canal. because the freight charges would be so high by another route, the seller refused to ship. the buyer had to buy at a higher price elsewhere and sued the seller. at triala. the seller will win based on the doctrine of frustration of purpose. b.the buyer will win since this is just a risk of doing business. c.the seller will win because of res ipsa loquitur. d.the buyer will lose because problems with shipment by sea are an excuse for nonperformance.

Match the terms with their correct definition. terms: 1. accounts receivable 2. other receivables 3 debtor 4. notes receivable 5. maturity date 6. creditor definitions: a. the party to a credit transaction who takes on an obligation/payable. b. the party who receives a receivable and will collect cash in the future. c. a written promise to pay a specified amount of money at a particular future date. d. the date when the note receivable is due. e. a miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. f. the right to receive cash in the future from customers for goods sold or for services performed.