This file of BUSN 420 Week 4 DQ1 The Dream House comprises:
In a contract dated June 15 2006 Bobby agrees to build your dream house on a lot you own near Naples Florida. The contract price is $500000. The house is to be completed and ready for occupancy by March 1 2007. Bobby is paid a progress payment of $100000 for labor and materials in October 2006. In November a hurricane strikes the Naples area and floods the work site. Bobby claims he had completed 50% of the job before the hurricane struck. No further work is done and Bobby walks off the job. On January 1 2007 you declare Bobby in breach of contract and sign a contract with Sheila to complete the job for $350000. What remedies and/or damages are available to you and to Bobby?