If anyone can help with this problem question, it would be much appreciated. I have only had one lecture on contents of the contract (terms) and I have a seminar on Friday, so to be honest, I am not sure how I am suppose to approach this question.
The oil in the bearings on the top of the drilling machine must be changed weekly. Failure to do this may result in serious damage to the drill. The contract provided that Finco's engineers are to take monthly inspection, and servicing, visits. On one visit Finco's engineer discovered that the oil on the top bearing had not been changed since her last visit. She reported this to Finco, who instructed her to remove a vital part of the drill so that it could not be used. Finco have now sent a letter to Ace demanding the return of the drill. Finco states that this is because the oil has not been changed and also because Ace has three times been late in paying the rental - indeed, this month's rental is now 15 days overdue. Ace blames this on a cash flow problem. Not being able to use the drill has disrupted their production schedules, though at present their factory is not working at full capacity.
(Basic)? Contract law question, help please!
Hi! I somehow managed to answer the question and suprisely, the answer was right. I am not sure if I did post in the right place - it was the first time I have used the website. Anyways, thanks for your help, much appreciated!
Contract law scenario. Help please?