Reference no: EM132533138
Ralph and Henry have a valid contract for Ralph to build Henry's new house. When negotiating the deal, Ralph estimated that his costs for the project would be $150,000, which would easily be covered by the contract price of $200,000. When Ralph was only partially finished with the job, Henry became angry with him and fired Ralph, making him leave the job site. To that point, Ralph had expended $75,000 in construction and labor costs. Ralph is upset about being fired and needs the money the job would have brought him. Based on the doctrines you have learned in this course, what is his best option? (Select 1)
He should seek specific performance of the contract, getting a court to force Henry to allow Ralph to complete the job.
He should sue Henry for damages, which would total up to $125,000.
Contract law provides no solutions for Ralph-he should seek other construction jobs instead to cover his lost costs.
He should sue Henry for damages, which would total up to $75,000.
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