Significance
It was not stated anywhere in the case but there was much riding on this case as during this period the price of Russian softwood had skyrocketed. Arcos was likely trying to renege on the contract so he would not have to sell the 100,000 units at a loss.
Read more about this topic: Hillas & Co Ltd V Arcos Ltd
Famous quotes containing the word significance:
“To grasp the full significance of life is the actor’s duty, to interpret it is his problem, and to express it his dedication.”
—Marlon Brando (b. 1924)
“For a parent, it’s hard to recognize the significance of your work when you’re immersed in the mundane details. Few of us, as we run the bath water or spread the peanut butter on the bread, proclaim proudly, “I’m making my contribution to the future of the planet.” But with the exception of global hunger, few jobs in the world of paychecks and promotions compare in significance to the job of parent.”
—Joyce Maynard (20th century)