Answer Happy

Question 21 of 25 Carol hired Bob to pave her driveway and landscape her front yard. Carol lives downtown, and Bob came to her house to measure the area and provide her with a quote as to the costs of the job. The parties agreed to the job would cost $7,000.00. After the contract was made, Bob realized he would need special equipment and permits that he had not factored in, and he realized that he had under-quoted the job, and he told Carol he would need an additional $10,000.00. Carol refused to pay the extra money. refused to do the job, because, at the original price quoted, he would be losing money. In these circumstances: Bob is relieved of any obligations under the contract because the contract would be considered to be "frustrated Bob is relieved of any obligations under the contract because the transaction is not profitable Bob is not relieved of his obligations because the alleged frustrating event was caused by his failure to determine what was required to complete the job prior to entering into the contract Bob is not relieved of his obligations because the mere fact that the job cost more than he thought it would is not considered a frustrating event c) and d)