Question
5 Reggie is a home builder of extreme talent, although he is unable to read and write. In August last year he entered into an
5 Reggie is a home builder of extreme talent, although he is unable to read and write. In August last year he entered into an agreement to build a house for Bob, to be finished by the end of January this year. The total cost of the building is agreed to ne $250,000. The agreement was subject to the execution of a formal contract, which Bob drafted. Reggie then asked Bob the terms of the agreement to which Bob replied they were as agreed. Reggie completes the build on 31 January, the agreed date. However, when he receives payment he only gets $225,000. When Reggie questions this, Bob tells him that $25,000 was deducted as a default payment because the house was not completed on time - as per the written terms of the contract. Can Reggie recover the $25,000?
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