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2 4 6) The Bander Company was seeking an accountant. Eber & Fowler (E&F), an accounting firm, offered to prepare financial statements, provide ongoing

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2 4 6) The Bander Company was seeking an accountant. Eber & Fowler (E&F), an accounting firm, offered to prepare financial statements, provide ongoing advise, and do an audit for an annual fee of $3500.00. The Bander Company responded that the price was too high. E&F submitted a new proposal for $3000.00. The Bander Company then hired E&F for $3000.00. During the first year of the contract, the financial to took longer than E&F had prepare anticipated. E&F therefore charged Bander $3400.00 for the first year. Bander refused to pay. statements: 6a) How would you characterize in contract language Bander Company's response to E&F's first proposal of $3500 ("The price is too high")? (3 points) CE

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