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Mike, a contractor, agreed to build Al a garage for $5,000. After a week, Mike realizes he cannot complete the job for that amount and
Mike, a contractor, agreed to build Al a garage for $5,000. After a week, Mike realizes he cannot complete the job for that amount and also make a profit, so he demands $7, 500. Al reluctantly agrees to pay the amount, but later tenders only $5,000 to Mike for the job. If Mike sues Al for breach of contract for the full $7, 500: a) Mike will win because Al agreed to pay $7, 500. b) Mike will win because he bargained for the $7, 500 and Al agreed to it. c) Al will win because Mike has a pre-existing obligation to build the garage for $5,000. d) Al will win because the two parties never reached a meeting of the minds on the new prices
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