Seller agrees to supply all gasoline fire needs for the next year three dollars

Question

Seller agrees to supply all gasoline fire needs for the next year three dollars per gallon. After three months the price of gas falls to 233 per gallon. Buyer refuses to keep buying from seller unless the seller lowers the price. Seller agrees to months later the average price of gas goes up to $3.50 per gallon. Seller asked buyer to agree to the price range, but the buyer refuses which of the following is true
A. Buyer must pay three dollars per gallon for the rest the year B. buyer must pay $2.33 per gallon for the rest of the year C. Buyer must pay $3.50 per gallon for the rest of the year D. Seller can legally refuse to supply by with any more gasoline for the rest of the year Seller agrees to supply all gasoline fire needs for the next year three dollars per gallon. After three months the price of gas falls to 233 per gallon. Buyer refuses to keep buying from seller unless the seller lowers the price. Seller agrees to months later the average price of gas goes up to $3.50 per gallon. Seller asked buyer to agree to the price range, but the buyer refuses which of the following is true
A. Buyer must pay three dollars per gallon for the rest the year B. buyer must pay $2.33 per gallon for the rest of the year C. Buyer must pay $3.50 per gallon for the rest of the year D. Seller can legally refuse to supply by with any more gasoline for the rest of the year A. Buyer must pay three dollars per gallon for the rest the year B. buyer must pay $2.33 per gallon for the rest of the year C. Buyer must pay $3.50 per gallon for the rest of the year D. Seller can legally refuse to supply by with any more gasoline for the rest of the year

Explanation / Answer

The correct choice is C

Explanation :- When the price of gasoline decreased, the seller had agreed to lower the prices in accordance with the market price. When the price of gasoline increases, the seller can insist the buyer to pay higher prices for the rest of the year. However the seller cannot legally refuse to supply because the seller and the buyer do not have written legal agreement.

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