Mountain City Construction Company (MCCC) contractually agreed to build a recreational complex for Valley City.The City agreed to pay $2 million upon completion of the project.Shortly after starting the project,MCCC realized that it had entered into a very bad bargain.It would have to provide $4 million in services and materials in order to build the recreational complex.It decided to nevertheless fulfill its obligations.After MCCC had finished 75 per cent of the project,at a total cost of $3 million,a new mayor was elected.True to the new mayor's campaign promise,the City immediately locked MCCC out of the work site.The City then hired Valley City Construction Incorporated (VCCI) to complete the recreational complex at a cost of $1 million.The City refuses to pay anything to MCCC.MCCC therefore has discharged the contract and taken its case to court.A judge most likely would award
A) expectation damages worth $4 million.
B) reliance damages worth $3 million.
C) restitution worth $3 million.
D) an account of profits worth $1 million.
E) expectation damages worth $3 million.
Correct Answer:
Verified
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