Taylor is a buyer of teak wood coffee tables manufactured by Malloy. Malloy's contract with Taylor calls for delivery of 50 coffee tables at $150 per table in five equal installments of 10 tables each. After delivery of first two installments (20 tables), Malloy informs Taylor that because of inflation, the wholesale price of the wood has increased, causing Malloy to lose money. Malloy will promise to deliver the remaining 30 tables only if Taylor will pay $200 per table. Taylor agrees in writing to do so. Discuss whether Malloy can legally collect the additional $500 ($50 more per table x 10 tables per installment) on delivery to Taylor of the next installment of ten cabinets.

1.Please state what is the best argument for each side and discuss what legal concept supports each argument