You have agreed to paint your neighbor's house a lovely shade of chartreuse for $1500 and discover much to your dismay that the house has a second floor.Now you're faced with the prospect of buying a ladder or scaffolding or a really long handled brush,not to mention the 15 more gallons of paint that will be needed to cover.You won't get another penny for what will surely be increased efforts since your neighbor transferred risk with a(n):

Question

Quizplus · Accepted Answer

The neighbor transferred risk with a fixed price contract, meaning the agreed-upon price for the job would not change regardless of any unforeseen circumstances such as a second floor. This puts the burden on the painter to find a way to complete the job within the agreed-upon price.

You Have Agreed to Paint Your Neighbor's House a Lovely