Jackson Excavation Ltd

question 50

Essay

Jackson Excavation Ltd. provides services to contractors by supplying heavy machinery and operators for excavation and various types of fill for building lots. Jackson managed to obtain for the first time a contract with a prominent residential builder for work on a 10-home development. The value of the work and fill was $60,000 and this was agreed upon as the contract price. After the work was completed and the invoice sent, Jackson learned that the builder had just been granted approval for a 50-home subdivision. Hoping to secure the excavation work for this project as well, Jackson immediately sent a letter to the builder stating that it would accept $50,000 as payment in full for the job just completed. He also mentioned in the letter that he hoped they would continue to do business together.
What legal problems does this situation present and how might the parties solve them?

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Definitions:

Agonist

A chemical or drug that binds to receptors in the brain and causes a reaction similar to that of a naturally occurring neurotransmitter.

Excitatory Signal

A type of neurotransmitter-induced signal in the nervous system that increases the likelihood of a neuron firing an action potential.

Action Potential

A sudden increase and subsequent decrease in the voltage across a cell membrane resulting from the movement of charged particles.

Neural Communication

The process by which neurons transmit signals to each other through synapses, using both electrical and chemical means.