Firstly, let's break down the issue using the IRAC method:
1. **Issue:** The issue at hand is whether the company XYZ is liable for breach of contract in failing to deliver the goods according to the agreed-upon terms.
2. **Rule:** According to commercial law, a contract is a legally binding agreement between two or more parties. To determine breach of contract, the terms and conditions of the agreement must be examined to see if there was a failure to perform as promised.
3. **Analysis:** In this case, the contract between XYZ and the buyer clearly outlines the terms of delivery, including the timeframe and specifications of the goods. If XYZ did not meet these requirements, they may be in breach of contract.
4. **Conclusion:** Based on the analysis, it appears that XYZ may be liable for breach of contract if they failed to deliver the goods as specified in the agreement. The buyer may be entitled to remedies such as damages or specific performance.
In conclusion, it is important for companies to adhere to the terms of their contracts to avoid potential legal consequences. It is advisable for XYZ to review the agreement and assess their obligations to mitigate any potential liabilities.