The problem, in this case, was that Raudhah established a contract with Adam before he knew if the loan application would be approved.
What should be done in this case?
- Raudhah should have made the contract with Adam after the loan application was approved.
- Raudhah cannot keep Adam's products without paying for them.
- The contract between Raudhah and Adam must be in writing and accurately determine the payment date.
Raudhah bought Adam's products not sure if he could afford them. This became an issue as Raudhah's funding was not approved.
Adam should have reviewed the contract and not agreed to deliver the goods without assurance of payment.
More information about contracts is in the link:
https://brainly.com/question/14315509