Question
PaintCo contracts to paint each of three warehouses on TruckCo's distribution compound. The contract provides that the contract price will be $75,000. PaintCo paints the
PaintCo contracts to paint each of three warehouses on TruckCo's distribution compound. The contract provides that the contract price will be $75,000. PaintCo paints the first two warehouses, but not the third. As a result, TruckCo has to hire someone else to paint the third warehouse at a cost of $30,000. Choose the best answer:
PaintCo is entitled to no contractual remedy because it did not complete performance. It may be entitled to recover in restitution.
PaintCo is entitled to a contractual remedy of $75,000 because it substantially performed the contract.
PaintCo is entitled to a contractual remedy of $50,000 because it painted two warehouses and the contract is divisible.
PaintCo is entitled to $25,000 because equity requires that it recover some but not all of the contract price.
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