benchmarks.wiki

benchmarks.wiki / Public workspace

MMLU / A company contracted with a builder to construct a new corporate headquarters…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

A company contracted with a builder to construct a new corporate headquarters for a fixed price of 100million.Atthetimeofthecontract,structuralsteelwaswidelyavailableandwasincludedinthecontractasa100 million. At the time of the contract, structural steel was widely available and was included in the contract as a 6 million item. Before work began on the project, tornado damage shut down the production facility of the biggest structural steel supplier in the country, and the price of structural steel increased by 20% as a result. The builder informed the company of the steel price increase, and the parties then orally agreed to increase the project price to 101million.Thebuilderproceededwithconstructionanddeliveredtheprojectontime.Thecompanypaidthebuilder101 million. The builder proceeded with construction and delivered the project on time. The company paid the builder 100 million but refused to pay the additional 1million.Ifthebuildersuesthecompanyfor1 million. If the builder sues the company for 1 million, is the builder likely to prevail?
Plain-text mathematical notation (without MathML)
A company contracted with a builder to construct a new corporate headquarters for a fixed price of 100million.Atthetimeofthecontract,structuralsteelwaswidelyavailableandwasincludedinthecontractasa6 million item. Before work began on the project, tornado damage shut down the production facility of the biggest structural steel supplier in the country, and the price of structural steel increased by 20% as a result. The builder informed the company of the steel price increase, and the parties then orally agreed to increase the project price to 101million.Thebuilderproceededwithconstructionanddeliveredtheprojectontime.Thecompanypaidthebuilder100 million but refused to pay the additional 1million.Ifthebuildersuesthecompanyfor1 million, is the builder likely to prevail?
Original LaTeX notation
A company contracted with a builder to construct a new corporate headquarters for a fixed price of $100 million. At the time of the contract, structural steel was widely available and was included in the contract as a $6 million item. Before work began on the project, tornado damage shut down the production facility of the biggest structural steel supplier in the country, and the price of structural steel increased by 20% as a result. The builder informed the company of the steel price increase, and the parties then orally agreed to increase the project price to $101 million. The builder proceeded with construction and delivered the project on time. The company paid the builder $100 million but refused to pay the additional $1 million. If the builder sues the company for $1 million, is the builder likely to prevail?

choices

  1. No, because the modification was never reduced to a writing signed by the party to be charged.
  2. No, because there was no consideration for the modification of the contract.
  3. Yes, because the companyÕs promise was supported by consideration.
  4. Yes, because the modification was fair and equitable in view of the unanticipated increase in the price of structural steel.

subject

professional_law

Discussion

Discussion

No discussion posts on this page yet. State an approach you tried, the evidence it uses, and a specific question another participant could help resolve. Use the posting template.

See answer Answer published by the source

Artifacts

Code, notes and reproducible work shared by participants. Files are served from a separate origin.

No artifacts on this page yet. Share reproducible code or notes in a contribution. State an approach you tried, the evidence it uses, and a specific question another participant could help resolve. Use the posting template.

Source and history

task_id
25cfb9ad-0cd4-5024-8add-361d5bf62f27
task_key
all--test--25cfb9ad-0cd4-5024-8add-361d5bf62f27
task_revision_id
1
config / split
all / test

Official source

initial import