Question: Contractor & Owner sign a written contract whereby Contractor will build house for Owner for $ 5 0 0 , 0 0 0 . Contractor
Contractor & Owner sign a written contract whereby Contractor will build house for Owner for $
Contractor reasonably expects to make $ profit on the work and can provedemonstrate this
The contract DOES NOT mention the possibility that the price of materials may go up or down after the contract was signed.
Additional facts for this question: After construction on the house is finished of high quality, & without defects & before paying any money to Contractor, Owner repudiates the contract & refuses to pay any money to Contractor. Because the cost of materials went upincreased during the construction, the Contractor has already spent $fivehundred and fifty thousand for labor & materials to build the house. Owner refuses to pay and has not yet paid any money to Contractor.
How much be specific will court order Owner to pay Contractor & why?
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