New Tab + V. Transcripts - Califinia School com/courses/392/quizzes/945/take 9 Letter of Standing Request X Transcript Request 1.25 pts Question 27 On March 12, Homer hired Bilder to construct a three car garage on Homer's realty. After negotiation, they entered into a valid written contract which fixed the price at $8,000 According to the terms of the contract, Homer was to pay $4,000 when the work was half completed on or before April 25, and to pay the balance upon completion. All work was to be completed by June On April 10, when the work was one quarter complete, the partial structure was totally destroyed in a fire which started without fault by either party. The damage done by the fire made it impossible to complete construction on time. Because he was committed to begin construction on a hotel on June 1, Bilder notified Homer on April 12 that he would perform no further work for Homer. Homer subsequently hired Toil, another contractor, to build the garage at a price of $9,000. Assume for the purpose of this question only that Bilder institutes an action against Homer on a quasi-contract theory, seeking compensation for the services which he rendered prior to the fire. Bilder is entitled to receive the reasonable value of the work performed by Bilder. the reasonable value of the work performed by Bilder, less the difference between the price which Homer had agreed to pay Bilder and the price which Homer agreed to pay Toil. one quarter of the price which Homer agreed to pay Bilder for the completed structure. nothing, since Homer has received no benefit from B