Joe contracted with Sam, agreeing to pay Sam $400 if Sam would build him a bookcase.The essential terms included the type and quality of the wood, the dimensions, and the date of completionFebruary 14, 2011.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 bookcase were done to specifications by the February 8 but Joe refused to pay anything, Sam would be entitled in law to:
A)$450
B)$400 plus damages
C)Only $50
D)Nothing
E)$400

Question

Quizplus · Accepted Answer

Joe and Sam entered into a valid contract for the construction of the bookcase for $400. Sam offered to complete the work early for an additional $50, and Joe agreed to this offer. This created a new contract between Joe and Sam for the early completion of the bookcase for $450. If Sam completed the work to specifications by February 8 and Joe refused to pay, Sam could sue for the $450 owed under the new contract.

Joe Contracted with Sam, Agreeing to Pay Sam $400 If