Bob,a house builder,contracts with Ollie to build a house on Ollie's lot.The total price of the construction is $100,000,$20,000 of which will be Bob's profit.After Bob has put $10,000 worth of materials into the house,Ollie wrongfully refuses to let him finish the house.If Bob sues for damages,he will be able to collect
A)$10,000.
B)$20,000.
C)$30,000.
D)$100,000.

Question

Quizplus · Accepted Answer

Bob's profit is $20,000 and he has spent $10,000 on materials, so his total expenses so far are $30,000.

Since Ollie wrongfully refused to let Bob finish the house, Bob can sue for the full $100,000 contract price.

Thus, Bob can collect $100,000 - $30,000 = $70,000 in damages.

Bob,a House Builder,contracts with Ollie to Build a House on Ollie's