Author Question: The Hoffmans were having their home remodeled by All-Right Contractors. The roof had to be removed ... (Read 160 times)

BrownTown3 · **on:** Jun 24, 2018

The Hoffmans were having their home remodeled by All-Right Contractors. The roof had to be removed in order to build the second story the Hoffmans had contracted and designed to build. After All-Right had removed the roof, but before a covering was placed over the exposed half of the home, All-Right's foreman said the job would cost an additional 12,500. The Hoffmans refused to agree to the additional fees and All-Right's foreman said, Suit yourselves. Looks like rain for the next day or two, and left. The Hoffmans called All-Right and agreed to pay the 12,500 extra and went in to sign the paperwork. Which of the following statements is true?
A) The contract for the additional 12,500 is valid and binding.
B) The contract for the additional 12,500 is invalid because of duress.
C) The contract was not valid because of duress, but the Hoffmans signed anyway - so there is a valid and enforceable agreement.
D) None of the above

Question 2

Partners' personal assets:
A) cannot be reached by partnership creditors.
B) cannot be reached by partnership creditors unless partnership assets are exhausted.
C) can only be reached by personal creditors.
D) None of the above