Marilyn contracted with Bravo Builders to build an addition to her house for $15,000.After digging the foundation,Bravo decides that it will take more work and more concrete than it had originally thought and that it will need to charge an additional $5,000 for the job.Assuming Marilyn agrees,which of the following is correct?
A) Marilyn will have to pay $20,000.
B) This is a contract under seal which is enforceable.
C) This is a modification of a preexisting contract,which under common law must be supported by additional consideration on the part of Bravo Builders.
D) This is the settlement of a disputed debt that requires no additional consideration on the part of Bravo Builders.

Question

Quizplus · Accepted Answer

This situation involves a modification of a preexisting contract, meaning that there was already an agreement in place between Marilyn and Bravo Builders. Under common law, any modifications to a preexisting contract must be supported by additional consideration on the part of Bravo Builders. In this case, the additional consideration would be the extra work and materials required to complete the project, which would justify the increase in price. Therefore, Marilyn would have to agree to pay the additional $5,000 for the modification to be valid.

Marilyn Contracted with Bravo Builders to Build an Addition to Her