Asked by
Jocelyn Gonzalez
on Nov 10, 2024
Verified
Joe contracted with Sam, agreeing to pay Sam $400 if Sam would build him a table. The essential terms included the type and quality of the wood, the dimensions, and the date of completion-February 14. The work went more easily than expected and Sam said to Joe, "If you pay me another $50, I will have this finished and be out of here by February 8." Joe agreed. If the table were done to specifications by the 8th, but Joe refused to pay anything, Sam would be entitled in law to
A) nothing.
B) $400.
C) $450.
D) only $50.
E) $400 plus damages.
Binding Contract
An agreement legally recognized and enforceable by law.
Essential Terms
Key conditions or terms in a contract that are crucial to the agreement’s operation and must be clearly defined and agreed upon by all parties involved.
Date Of Completion
The specified date when the parties to a contract agree that a project or work must be finished.
- Investigate the implementation of consideration in legal contracts.
- Comprehend the basic tenets of contract law, encompassing offer, acceptance, and consideration.
Verified Answer
RS
Learning Objectives
- Investigate the implementation of consideration in legal contracts.
- Comprehend the basic tenets of contract law, encompassing offer, acceptance, and consideration.