Bodashka is building a home for Galyna that under the original contract is to be completed by
Question:
Bodashka is building a home for Galyna that under the original contract is to be completed by December 31. Galyna found the plans for the home in a publication focusing on unique houses and is excited because it will be the only home of its type in the area. Because he underestimated the time needed for special and unique framing required for Galyna's house, Bodashka tells Galyna that he needs to hire additional workers in order to have the home done by that time and that Galyna needs to pay him an extra $10,000. Galyna says that she will pay. Bodashka finishes the home and asks for his $10,000. Galyna refuses to pay. What is the likely result if Bodashka sues?
[HINT: You are to discuss which theory of contracts/consideration is applicable and then who will be successful in this scenario.]
College Accounting Chapters 1-30
ISBN: 978-0077862398
14th edition
Authors: John Price, M. David Haddock, Michael Farina