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HOPE ACROBAT Dira Commut Le SmartAnt ? Airings Quick Is Select OKLate De go dees Butagraph Dizeing Edang Designer Review Question . Halfway through completion

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HOPE ACROBAT Dira Commut Le SmartAnt ? Airings Quick Is Select OKLate De go dees Butagraph Dizeing Edang Designer Review Question . Halfway through completion of a building contract for Mr and Mrs Jones, the builder remember that he had forgotten to include a "price variation clause" to cover any increases in the price for building materials. The price of bricks increased during the building project (it went up by $5,000) and the builder now wishes to pass on this price increase to the Jones who refused to pay the extra price. The builder then demanded the extra $5,000 (on top of the agreed building contract price) and said that if the extra money is not paid the he "can't guarantee that the house will be finished on time, if at all." The Jones are shocked by this and signed an agreement to pay the extra $5,000 because they felt that they had no choice. The house was finished on time. . Jones paid the builder the agreed contract price (under the original contract) but now seek your advice on whether they must pay the extra $5,000. Advise the Jones with reference to relevant principles of contract law. TLAW607 Topic 4 [Genuine 33

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