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Francis Building Co. contracted in January with Lomas Warehousing Inc. to install a new steel roof in April on the Lomas structure. As matters turned
Francis Building Co. contracted in January with Lomas Warehousing Inc. to install a new steel roof in April on the Lomas structure. As matters turned out, the price of steel quadrupled within two months, and Francis advised that it would not proceed on the existing terms. Lomas answered that it would commence legal action against Francis.
Discuss the law upon which each of Francis and Lomas base its argument.
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