Contract Enforcement

This is an interesting situation and an educational point on the enforcement of contracts:

“If they don’t comply with the contract … we can do whatever we want with these aircraft, whatever the hell we want. Maybe we’ll give 10 planes to Cuba or to China so they can study the technology,” Chavez said. “We could give them away and buy aircraft from China or from Russia. … We don’t need any U.S. imperialism,” he said. A U.S. defense official said there had been no communications with Venezuela’s government about any sale of F-16s to other countries, but he noted that U.S. laws on foreign arms sales were “quite strict” regarding third-party transfers.

Via the Unabrewer.