As per the same clause all the amount dues will be recovered. ANGEL
failed to complete the contract thus the amount needs to be returned.
Verdict: Essence of contract Time, is maintained. Contract not
cancelled. Partial amount will be paid to ANGEL)
$30 Million has been locked up and paid to ANGEL expecting the contract
to be ended. But it didnt happen. In short-term market, there is at an
average 12% return on this amount. Thus ANGEL wants 12% interest on
this $30 Million.
Verdict: ANGEL need not pay the interest. The cheque reached ANGEL on
25.3.2013 and realized on 30.4.2013, RTGS was not used to transfer the
money violating contract.
Proof Submitted: Business Contract with XYZ company, which has been
cancelled in August 13th
Verdict: Principle No. 3. Loss should not be anything remote. Thus no
action needed by ANGEL
Claims (ANGEL to SAINT)
1. ANGELs representative visit to Kabul to integrate AIDS into VIRUS
DDP Contract
Without SAINTs knowledge ANGEL have sold the 5 VIRUS to ESA. ANGEL
need to be ready with all 10 VIRUS by 31-MAY-13 and deliver those to
LORDS at 31-JUL-13
ANGEL has realized the money for 5 VIRUS way too early by selling it to
ESA. They are enjoying interest on that money.
Silent doesnt mean agreement
On 15.6.2013 all VIRUS were made and sent to Kabul. The increase in
price was effective from 1-7-2013. Thus the Germs price never affected
the production.
Proof Submitted: The email from ANGEL on 15.6.2013 with the information of
dispatch of VIRUS
Verdict: SAINT does not need to pay anything. The delivery has been made
before the price rise.