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Shardra95w Shardra95w
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6 years ago
Contract Modification. Ritz-Craft Corp contracted with the Stanford Management Group (SMG) to manufacture and install prefabricated multi-family housing units for SMG. Ritz-Craft was also to set the units on the foundations constructed by SMG, as well as provide some connective work for electricity, plumbing, and so on. The original contract price for forty-nine units was 1,613,500, but a subsequent modification to the contract due to unforeseen circumstances raised the price by 45,000. SMG refused to pay the additional 45,000, arguing that the modification was not enforceable because it had not been accompanied by consideration. Ritz-Craft sued for breach of contract. If no consideration was given, is the agreement to modify the original contract binding? Does the manufacture and installation of modular homes involve goods or services? Discuss fully how the court should rule on each of these issues.
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alal
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6 years ago
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Shardra95w Author
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6 years ago
You make an excellent tutor!
jaray75
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
smdavis
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2 hours ago
Brilliant ツ
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