What lessons can be learned from this case?

Review Fraligment Importing Co. v. B.N.S. International Sales Corp. How could the parties have avoided the issues in this case? What types of provisions should the parties have included in the contract? What lessons can be learned from this case?

 

1. What general provisions should be included in a contract?

2. Why is the representations section important?

3. What is an option in a contract and in what provision will it be found?