Which construction firm agreed to construct

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Reference no: EM133654771

A woman entered into a written contract by which a construction firm agreed to construct a daycare center on the woman's land within ten months in exchange for $100,000. After the construction firm had completed all work on the daycare center except for painting the exterior and the interior and installing the built-in appliances, a fire that was not the fault of either the woman or the construction firm destroyed the entire construction. Which of the following best describes the rights of the parties at this point in time?

a) The woman is excused from paying the contract price unless the construction firm constructs a new day care center in conformance with the original contract. b) The construction firm may recover from the woman the reasonable value of its services and materials expended in constructing the destroyed building, because the risk of loss had passed to the woman upon substantial completion of the building. c) The construction firm may recover from the woman the reasonable value of its services and materials expended in constructing the destroyed building, plus a reasonable profit. d) The construction firm may recover from the woman the full contract price, less the cost.

Reference no: EM133654771

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