Marilyn Contracted with Bravo Builders to Build an Addition to Her

question 61

Multiple Choice

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.

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Definitions:

Commercial Utility

The usefulness or value that a product or service provides in a commercial setting, often measured by its ability to meet the needs of a business or consumer market.

Enforceable

A term used to describe a legal agreement or obligation that can be upheld or compelled by law.

Negotiable Promissory Note

A financial instrument that guarantees the payment of a specified amount of money, either on demand or at a set time, and is transferable to other parties.

Legal Status

Legal Status refers to the standing of an entity or individual within the law, determining their rights, duties, and liabilities.