Rex Roofing formed a contract with the O'Neill's for installation of a new roof on their house. The price of the contract was $2500. After the work had begun, Rex realized that he was not charging enough for the job and informed the O'Neill's that he could not complete it. The O'Neill's agreed to pay a higher price of $3200. We will, through the analysis of prior case precedents, state our opinions as to whether it was ethical for Rex to refuse to do the job at the original price, and if the O'Neill's are ethically obligated to pay more than the original contracted price.
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