On March 28, Reed delivered the first 5,000 copies of the April issue of Temple View to Ace. The following day Ace received the balance of the shipment. On April 6, Ace informed Reed that he would not pay the price increase. Reed then, alleging that Ace had breached the contract, refused to publish the May issue. Ace claims that Reed is the one who is in breach and that if Reed attempts to sue him, he has at least three valid defenses to the action.
Ring is a manufacturer and seller of interconnect systems.
She enclosed a card to be returned to her if Ace was interested in Ring's system. Ace returned the card on April 17. Ace was very impressed. Negotiations continued between Bea and Ace until July 30, 1983. Bea acknowledged receipt of this amount on the Equipment Sales Agreement.