Question 2) Assume the following facts:

• The 3 bullet-pointed facts below are the same for exam Questions 2, 3 & 4:
• Contractor & Owner sign a written contract whereby Contractor will build house for Owner for $500,000.
• Contractor reasonably expects to make $100,000 profit on the work (and can prove/demonstrate this).
• The contract DOES NOT mention the possibility that the price of materials may go up or down after the contract was signed.

Additional facts for this question: One day after signing the contract, but before any construction begins& before paying any money to Contractor, Owner repudiates the contract (refuses to perform contract) & Contractor has not begun any work on the house or spent any money on labor & materials. Owner repudiates the contract & refuses to pay any money to Contractor.

How much (be specific) will court order Owner to pay Contractor &why?

Question 3)

Additional facts for this questions: When the house is approximately half-way built& before paying any money to contractor, Owner repudiates the contract & Contractor stops work. Contractor has already spent $200,000 for labor & materials to build the house. Owner refuses to pay any money to Contractor.

How much (be specific) will court order Owner to pay Contractor & why?

Question 4)

Additional facts for this question: After construction on the house is finished (of high quality, & without defects)&before paying any money to Contractor, Owner repudiates the contract & refuses to pay any money to Contractor. Because the cost of materials went up/increased during the construction, the Contractor has already spent $550,000 (five-hundredandfifty thousand) for labor & materials to build the house. Owner refuses to pay and has not yet paidanymoney to Contractor.

How much (be specific) will court order Owner to pay Contractor &why?