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    ababmx's Avatar
    ababmx Posts: 1, Reputation: 1
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    #1

    Feb 14, 2010, 05:15 PM
    Bernstein owns a lot and wants to build a house according to a particular set of plan
    Business Law Question:

    Bernstein owns a lot and wants to build a house according to a particular set of plans and specifications. She solicits bids from building contractors and receives three bids: one from Carlton for $160,000, one from Friend for $158,000, and one from Shade for $153,000. She accepts Shade’s bid. One month after beginning construction on the house, Shade contacts Bernstein and informs her that because of inflations and a recent price hike for materials, he will not finish the house unless Bernstein agrees to pay an extra $13,000. Bernstein reluctantly agrees to pay the additional sum. After the house is finished, however, Bernstein refuses to pay the extra $13,000. Discuss whether Bernstein is legally required to pay this additional amount.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Feb 14, 2010, 05:21 PM

    Thank you for posting, we are glad to help people with real questions. This is obviously a home work question of some sort and also is a very basic business law knowledge.

    Also part of the issue is, in law school it follows a common law issue or case law from current cases studied, in real life, it goes back to terms of actual contracts.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #3

    Feb 14, 2010, 05:25 PM

    Please review the guidelines on asking for help with homework that can be found here:



    https://www.askmehelpdesk.com/arts-l...board-b-u.html
    LisaB4657's Avatar
    LisaB4657 Posts: 3,662, Reputation: 534
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    #4

    Feb 14, 2010, 06:42 PM
    Tell us what you think the answer is and why, and we'll tell you if we think you're right or wrong and why.

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