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Considerable sum of money in advance

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An Indonesian firm agreed to sell and deliver goods to a Malaysian company that paid a considerable sum of money in advance. However, the contract was frustrated because of the 5.0 magnitude of earthquake near Bima in West Nusa Tenggara (Indonesia). The Malaysian company claimed the right to recover the deposit they paid prior to the frustrating event. Advise the Malaysian company.

Reference no: EM133446325

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