1213512.]. Mrs 5.: Mr Perry decided to construct a building which they could rent out to stores as part of shopping complex. In order to make a proper return on their investment. they determined that their building had to be constructed for less than $ 120.000. The Perrys met with an Architect who 'guesstimated' that he could design a plan that could be constructed for $120,000 or iess. The Perrys agreed to have the Architect draw up the design plans for a fee of $5000. 1When Perrys later brought the architect's plans to a contractor, they were told that construction ofthe building would far exceed their spending limit. The Perrys now refuse to pay the architect the agreed fee of $5000 on the basis of what they claim to be a precontractual misrepresentation about the cost to impiement his construction pians. Questions: a. is the 'guesstimation' by the architect a misrepresentation of fact or an opinion? b. Does the fact that the architect is an expert make any difference to your answer? c. Would your answer change if you knew that the Perry's regularly commissioned buildings like this one? HINT: Read aii the three questions rst. may be one question is going to make help in answering another question. In addition, it will also help you in not assuming something to