问题详情
On Oct. 2, one Chinese company in Shanghai cabled an American trader offering 500 dozen of pure cotton men's shirt USD85 per dozen CIF New York, subject to his reply reaching Shanghai before Oct. 15.On Oct. 10 ,the American trader cabled: "your price is too high.USD80 per dozen is acceptable".On Oct. 13,the trader cabled again: "accept your offer of Oct. 2 and L/C has been opened. " Because the price of our goods is increasing, we didn't reply and didn't dispatch the goods either. The American trader thought that the Chinese company violated the contract and lodged a claim against the Chinese company.
Question : Should the Chinese company compensate the American trader for the loss Why
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