read the passage and answer the 2 questions

On February 1 Rollo and Fred signed a contract for Fred to install 200 functional computers and computer stations in Rollo's new office by July 1. The contract required that Rollo would pay Fred 200,000 dollars at the completion of the work by July 1. On May 1 Fred advised Rollo that he could not complete the work and would not be able to honor the contract. Rollo then contracted with Sanford who completed the work by July 1 but charged Rollo 300,000 dollars. QUESTION: 1. What is the legal term and significance of Fred's May 1 communication with Rollo? 2. Does Rollo have any legal claim against Fred. Explain? Edit View Insert Format Tools Table