On April 1, Conrad and Owen executed a contract under which Conrad agreed to build a specified house on Owen's land for $700,000. The contract provided that Owen was to make periodic payments to Conrad as different phases of construction was completed with the last payment of $70,000 due 5 days after completion of the house. The contract further provided that the house was to be completed by August 1 and included the following provision: ' 'If Conrad is late in completing the construction of the house, the purchase price is to be reduced by $3,000 for each and every day after August 1.\" Conrad constructed the house according to the contract, except that it was completed 5 days after August 1. Owen made all scheduled payments except for the final of $70,000. Although Owen could not prove any monetary damages caused by Conrad's delay. Owen offered to make a final payment of $55,000 to Conrad, after deducting $15,000 for the 5 day delay. Conrad rejected Owen's offer and sued Owen for $70,000. How much, if anything, will Conrad recover from Owen? Explain