Contract Modification: An Optimistic Perspective for Sam

What is Sam entitled to if he finishes the table to specifications by February 8?

A) nothing.

B) $400.

C) $450.

D) only $50.

E) $400 plus damages.

Answer:

Due to an agreement on a contract modification between Joe and Sam, Sam is entitled to a total of $450 upon finishing the table to the specified standards by the agreed-upon date, February 8th.

In the domain of contract law, the situation between Joe and Sam revolves around the idea of a contract modification. Originally, the contract stipulated that Sam would be paid $400 for building a table by a specified date. However, Sam proposed a change to the contract suggesting he could finish the task earlier if given an additional $50. Joe agreed to this modification. Hence, if Sam finished the job to the specified standards and by the new date, he is entitled to the total sum of the original contract amount and the additional amount agreed upon for the modification - hence, he is entitled to $450 (Option C). If Joe refused to pay, Sam could potentially take legal action to enforce the terms of the modified contract.