Posted 9/1/2007 01:28 (#196532 - in reply to #196223) Subject: Re: anyone herd of this (elevator)
If I had several contracts at various prices, I would consider the oldest contract to be the first to be settled. If they failed to make cash settlement on that first contract, I would assume that they renneged on the contract and would be apt to do the same on further deliveries. I would not expect payment before I fulfilled my obligation.