Question: Peter, a house builder, contracts with Joseph to build a house on Josephs property. The total price of the construction is $500,000. Peter expects to

Peter, a house builder, contracts with Joseph to build a house on Josephs property. The total price of the construction is $500,000. Peter expects to make a profit of $75,000. After Peter has put $30,000 worth of materials into the house, Joseph refuses to let him finish the house. Peter files a lawsuit claiming breach of contract and asks the court to award him damages. What is the likely outcome of the lawsuit and what damages, if any, is Peter entitled to? Use legal theories and the facts to support your answer.

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