Your opinion?

In the case of the swine flu, the pork packing houses contracted with farmers to buy hogs at a specified price. After the H1N1 scare, pork prices fell and packers want the court to release them from their contracts with the producers because of low pork prices in the stores. If the court allows the contract to be broken, the farmers may be forced out of business. If the court does not allow the contract to be broken, then the packers will lose money and may be forced out of business. What should be the ruling of the court in the Swine Flue case? Explain your opinion.

Question

Your opinion?

In the case of the swine flu, the pork packing houses contracted with farmers to buy hogs at a specified price. After the H1N1 scare, pork prices fell and packers want the court to release them from their contracts with the producers because of low pork prices in the stores. If the court allows the contract to be broken, the farmers may be forced out of business. If the court does not allow the contract to be broken, then the packers will lose money and may be forced out of business. What should be the ruling of the court in the Swine Flue case? Explain your opinion.

anonymous · Answer

@Luigi0210 @anonymous_user @paki 
I don't generally ping people because it can come across as annoying. Unfortunately there aren't many studying economics, and I'm desperate. I do apologize.